Multiple Choice
When the input supply curve confronting an individual firm is the same as the market supply of the input,one can conclude that:
A) the firm is a monopsony in the input market.
B) the firm is one of many buyers of the input.
C) the firm does not have any monopoly power in the input market.
D) the input is used in many different industries.
Correct Answer:
Verified
Correct Answer:
Verified
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