Unlike a competitive buyer,
A) a monopsonist faces an upward-sloping industry supply curve.
B) a monopsonist pays a different price for each unit purchased.
C) a monopsonist sets marginal value equal to marginal expenditure.
D) a monopsonist pays a price that depends on the number of units purchased.
D
Economics
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A member of a corporate board of directors that is also a manager of the business is known as
A) a shareholder. B) an inside director. C) a corporate governor. D) a partner.
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Which of the following is a basic question answered by an economic system?
a. for whom goods and services are produced. b. how goods and services are produced. c. what goods and services are produced. d. all of these.
Economics