____________ are an example of a bilateral monopoly.
A)Auto workers and auto companies
B)Teachers in most large school districts
C)Aerospace workers and Boeing
D)All of these choices are examples.

Question

Quizplus · Accepted Answer

A bilateral monopoly occurs when a market has only one supplier and one buyer. In the examples given, auto workers and auto companies, teachers in most large school districts, and aerospace workers and Boeing represent situations where there is a single large buyer (the employers) and a single large supplier of labor (the workers or their unions), fitting the definition of a bilateral monopoly.

____________ Are an Example of a Bilateral Monopoly