Which of the following comes closest to being a monopsony?
A) a car manufacturer in Detroit
B) a McDonald's in a big city
C) a coal company who employees all of the workers in a given town
D) a farmer who hires labor
Correct Answer:
Verified
Q46: A possible objective of labor unions is
A)employment
Q47: Exhibit 27-3 Q48: If a firm is a monopsony, then Q49: Exhibit 27-3 Q50: Assuming the wage-employment tradeoff exists, if labor Q52: If a firm is a monopsonist, then Q53: The traditional (or orthodox) view of labor Q54: Which of the following is not consistent Q55: If a monopsonist is hiring factors, it Q56: Exhibit 27-3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
