Which of the following could be considered an example of a monopsony?
a. a professional sports league
b. the only auto repair shop in a small town
c. a single mining firm that was the only employer in the area
d. all of the above
d
Economics
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Refer to Figure 24-4. Given the economy is at point A in year 1, what is the inflation rate between year 1 and year 2?
A) 0.9% B) 1.8% C) 2.7% D) 3.0%
Economics
An analysis of the incidence of a unit tax on suppliers versus a unit tax on demanders shows us that the _____ of a tax may be different from the _____ of a tax
a. actual burden; distribution b. payment; distribution c. amount; incidence d. actual burden; legal assignment
Economics