Examlex
When bass were removed from a stream,an algal bloom occurred.This is an example of
Monopsonist
A market condition where there is only one buyer in the market, giving the buyer significant power over sellers in terms of price and terms.
MRP
MRP stands for Marginal Revenue Product, which is the additional revenue generated from employing one more unit of a factor of production, such as labor or capital.
Nonunionized
Workplaces or employees that are not part of a labor union and do not engage in collective bargaining.
Efficiency Wages
Wages that are deliberately set above the market equilibrium level by employers to increase productivity and efficiency among employees.
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