Solved

The Factor Supply Curve for a Monopsonist Is

Question 3

Multiple Choice

The factor supply curve for a monopsonist is:


A) horizontal, the same as that for a firm buying factors of production in a perfectly competitive factor market.
B) upward sloping, the same as that for a firm buying factors of production in a perfectly competitive factor market.
C) upward sloping, unlike the horizontal curve for a firm buying factors of production in a perfectly competitive factor market.
D) downward sloping, the same as that for a firm buying factors of production in a perfectly competitive factor market.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents