In the 1950s and 1960s, Arvida, Quebec, was basically a one- company town where Alcan was the sole buyer of labour services. This is a good example of

Name: In the 1950s and 1960s, Arvida, Quebec, was basically a one- company town where Alcan was the sole buyer of labour services. This is a good example of
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A monopsony occurs when there is only one buyer for a particular good or service, in this case, Alcan being the only buyer of labour services in Arvida.

In the 1950s and 1960s, Arvida, Quebec, Was Basically a One-