The Oyu Tolgoi copper mine is the largest mine in Mongolia, producing 30% of Mongolia's GDP and 80% of Mongolia's exports, by some estimates. About 66% of the mine is owned by Turquoise Hill Resources, a subsidiary of Rio Tinto, with the remaining ownership held by the Mongolian government. Describe the implications for workers in the geographic area of the mine if Turquoise Hill Resources exerted monopsony power in the local labor market.

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The Answer of The Oyu Tolgoi copper mine is the largest mine in Mongolia, producing 30% of Mongolia's GDP and 80% of Mongolia's exports, by some estimates. About 66% of the mine is owned by Turquoise Hill Resources, a subsidiary of Rio Tinto, with the remaining ownership held by the Mongolian government. Describe the implications for workers in the geographic area of the mine if Turquoise Hill Resources exerted monopsony power in the local labor market.

The Oyu Tolgoi Copper Mine Is the Largest Mine in Mongolia