Since workers today can move from city to city (quite easily) and from firm to firm (again, quite easily), it is unlikely that there are very many pure
A)monopsony firms.
B)oligopoly firms.
C)monopoly firms.
D)perfectly competitive firms.
E)factor price takers.

Question

Quizplus · Accepted Answer

Monopsony firms are characterized by being the sole buyer in a market, particularly for labor. If workers can easily move between cities and firms, it undermines the power of a monopsony to dictate terms, as workers have more employment options available.

Since Workers Today Can Move from City to City (Quite