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A Pure Monopsony Exists in a Labor Market When

Question 92

Multiple Choice

A pure monopsony exists in a labor market when


A) a labor union dominates the labor market.
B) a single buyer buys all of a given type of labor that has few other employment opportunities.
C) only a few firms purchase the services of labor in the market.
D) many competing firms purchase the services of labor in the market.

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