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

You might also like to view...

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