If a minimum wage is established, a monopsonist faces
A) an upward sloping supply of labor at all quantities of labor.
B) a downward sloping supply of labor at all quantities of labor.
C) a horizontal supply of labor at the minimum wage and the upward sloping portion of the labor supply curve above minimum wage.
D) a horizontal supply of labor at the minimum wage and the downward sloping portion of the labor demand curve below minimum wage.
C
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An example of price discrimination is the price charged for:
a. an economics textbook at a campus bookstore. b. gasoline. c. theater tickets that offer lower prices for children. d. a postage stamp.
The stock price of a firm is primarily a reflection of the
a. firm's current net earnings per share. b. firm's expected future net earnings per share. c. discounted value of the firm's expected future net earnings per share. d. firm's current net earnings per share multiplied by the interest rate. e. book value of the firm.