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

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A monopsony exists when there is only one buyer in a labor market. In this case, as there is only one school district in the small, isolated community, it can be considered the sole buyer of labor for teachers. This gives the school district significant bargaining power over teachers and allows them to pay lower wages than they might have to in a more competitive market.

The Labour Market for Teachers in a Small,isolated Community That