Assume the Ajax Mining Company hires 80 percent of the nonunion labor force of Mother Lode, New Mexico. Also, suppose that this labor force is highly immobile. Economists would describe this employer as a:
A. monopolist.
B. oligopolist.
C. monopsonist.
D. monopolistic competitor.
Answer: C
Economics
You might also like to view...
The largest type of depository institution in the United States is
A) savings-and-loans. B) commercial banks. C) credit unions. D) mutual funds.
Economics
The term "sticky downwards" is used to describe the tendency of ________.
A. employment to resist downward movements. B. wages and prices to resist downward movements. C. the economy to recover slowly D. inflation to remain low
Economics