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    Microeconomics Study Set 13
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    Exam 17: Wage Determination
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    The Labor Market for Teachers in a Small, Isolated Community
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The Labor Market for Teachers in a Small, Isolated Community

Question 86

Question 86

Multiple Choice

The labor market for teachers in a small, isolated community that has one school district would be best described as a(n)


A) natural monopoly.
B) bilateral monopoly.
C) monopsony.
D) oligopsony.

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