If a single supplier of labor, such as a union, were supplying labor to a single monopsonistic employer, this is referred to as a(n)

Name: If a single supplier of labor, such as a union, were supplying labor to a single monopsonistic employer, this is referred to as a(n)
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A bilateral monopoly occurs when a single seller (or supplier) faces a single buyer (or demander) in a market. In this case, the single supplier of labor (the union) is facing a single monopsonistic employer.

If a Single Supplier of Labor, Such as a Union