A monopsonist will hire more workers than will be hired in a competitive labor market

The minimum wage is an example of a government imposed

A) price control. B) price ceiling. C) price floor. D) Both A and B E) Both A and C

A fundamental reason that governments provide public goods is that

A) those goods are subject to the free-rider problem. B) negative externalities are part of the production process of those goods. C) public goods are merit goods. D) those goods are perfectly divisible.