Exploitation Due to a Single Buyer in the Input Market

question 262

Multiple Choice

Exploitation due to a single buyer in the input market is known as

• A) monopoly exploitation.
• B) monopsonistic exploitation.
• C) Marxian exploitation.
• D) the result of closed shops.

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Definitions:

Allison Transmission

A brand known for producing automatic transmissions for heavy-duty vehicles, offering durability and reliability in various applications.

First Speed Clutch

A component in a transmission system that engages to allow the vehicle to operate in its lowest gear.

Output Ratio

The ratio of the gearbox's output speed to its input speed, fundamentally impacting vehicle performance.

Fifth Gear

A higher gear in manual or automatic transmissions, allowing the vehicle to maintain high speed while reducing engine RPM for fuel efficiency.