Multiple Choice
Which is characteristic of monopsony?
A) The type of labor employed is relatively mobile.
B) The supply curve for labor lies above the marginal resource cost curve.
C) The wage rate it must pay workers varies directly with the number of workers it employs.
D) The firm's employment is a small portion of the total employment of that type of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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