Professional sports leagues, like the NFL and the NBA, are good examples of monopsony because:
A. They are dominant providers of sports entertainment
B. They are the only employers of professional athletes in their respective sports
C. They are large corporations owned be small groups
D. They operate large facilities and stadiums
B. They are the only employers of professional athletes in their respective sports
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Economic investment refers to:
A. Buying a financial asset for a gain B. Selling a financial asset for a gain C. Postponing purchases of goods and services D. Making new additions to a firm's stock of capital
Often owners of firms who hire managers must install incentive or bonus plans to ensure that the:
A. company will have positive economic profits. B. manager will work hard. C. company is financially secure. D. manager will maintain employee morale.