Which of the following type of firm is not a price taker in the market in which the firm buys its inputs?
a. Perfect competition.
b. Monopsony.
c. Oligopoly.
d. Monopoly.
b
Economics
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An increase in the income tax ________ potential GDP by shifting the labor ________ curve ________
A) decreases; demand; leftward B) increases; demand; rightward C) decreases; supply; rightward D) decreases; supply; leftward E) increases; supply; rightward
Economics
Expansionary monetary policy involves an increase in the money supply and a fall in interest rates, leading to a positive expansion in income
Indicate whether the statement is true or false
Economics