Because a monopsony is the only buyer in a particular market, the
A) supply of labor to the monopsony is perfectly elastic.
B) supply of labor to the monopsony is perfectly inelastic.
C) supply of labor curve faced by the monopsony is upward sloping.
D) supply of labor curve faced by the monopsony is downward sloping.
C
Economics
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Property law
a. helps to ensure that only voluntary exchanges occur b. tends to decrease the level of economic efficiency c. helps define ownership rights to resources d. establishes property taxes e. helps to distribute government property
Economics
A market demand curve is
A. upward sloping. B. perfectly elastic. C. downward sloping. D. perfectly inelastic.
Economics