A Monopsony Differs from a Monopoly in That

Multiple Choice

A monopsony differs from a monopoly in that:

A) the market capitalization of a monopsony firm is smaller than a monopoly firm.
B) the input price under a monopsony is higher than the input price in a monopoly.
C) a monopsony has market power in the input market while a monopoly has market power in the product market.
D) a monopsony faces a downward-sloping input demand curve while a monopoly faces an upward-sloping input demand curve.