In the "War for Talent," Which Is not a Concern

question 143

Multiple Choice

In the "war for talent," which is not a concern facing hiring organizations,

• A) not enough "Generation Xers" are ready to replace baby boomers soon to retire.
• B) many senior managers at America's largest firms are close to retirement.
• C) most large employers are worried their talent pools are insufficient.
• D) there will always be more qualified workers than available jobs.
• E) none of the above

---

Definitions:

Pure Monopolist's Demand Curve

Represents the market demand curve since the monopolist is the sole provider of the product or service, hence facing the market demand directly.

Inelastic

Describes demand that does not significantly change with a change in price.

Natural Monopoly

A market structure where a single supplier efficiently provides all the goods or services due to high fixed or start-up costs, making it impractical for multiple firms to operate.

Long-run Average Costs

The average cost per unit of output when all factors of production - including capital - can be varied, typically showing economies of scale.