In the 1950s and 1960s,Arvida,Quebec,was basically a one-company town where Alcan was the sole buyer of labour services.This is a good example of

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The situation described is a monopsony, where there is only one buyer of labor services. This is different from a pure monopoly, which is a situation where there is only one seller of a product or service. It is also different from monopolistic competition, which involves many firms selling differentiated products, and oligopoly, which involves a few large firms dominating a market. Union power may be a factor in a monopsony situation, but it is not the best choice to describe the situation in Arvida.

In the 1950s and 1960s,Arvida,Quebec,was Basically a One-Company Town Where