Multiple Choice
Mines located in rural mountain towns in Kentucky and West Virginia are often the only employers in the area.In other words,a mining company in Kentucky would be considered:
A) a monopolist in the labor market.
B) a monopsonist in the labor market.
C) an output-market monopoly.
D) a profit-maximizing competitive firm.
Correct Answer:
Verified
Correct Answer:
Verified
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