If a firm is the sole employer of a factor of production, it is known as
A) a monopsony. B) a monopoly.
C) an economically discriminating firm. D) a competitor.
A
Economics
You might also like to view...
If an economist claims there are substitutes for clean air, he is really saying
A) clean air is free air. B) there are costs to cleaning the air. C) nobody is truly harmed by unclean, polluted air. D) dirty air is better than clean air. E) economists don't care for clean air.
Economics
Government actions can cause a
A) shift in the supply curve. B) shift in the demand curve. C) reaction from firms in other countries. D) All of the above.
Economics