Multiple Choice
Assume the Ajax Mining Company hires 80 percent of the nonunion labor force of Mother Lode, New Mexico. Also, suppose that this labor force is highly immobile. Economists would describe this employer as a(n)
A) monopolist.
B) oligopolist.
C) monopsonist.
D) monopolistic competitor.
Correct Answer:
Verified
Correct Answer:
Verified
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