The best example of a monopsonist is:
A) Microsoft.
B) Ford Motor Company.
C) the Teamsters Union.
D) a large army post located in a small community.

Question

Quizplus · Accepted Answer

A large army post located in a small community is the best example of a monopsonist because it is the only major employer in the area and has significant power over the wages and working conditions of the local labor force. They have the ability to dictate wages, benefits, and working conditions since there are no other options available for workers in the area.

The Best Example of a Monopsonist Is