Under monopsony, marginal factor cost is
A) equal to the wage rate.
B) below the wage rate but increases as more workers are hired.
C) greater than the wage rate.
D) downward sloping.
C
Economics
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IPOs have become very important in the U.S. economy because they are a major source of financing for
A) so-called "blue-chip" companies. B) hedge funds. C) internet companies. D) mutual funds.
Economics
As a price setter, a monopoly
a. can establish any price it wants for each output level b. can sell any output level it wants for each price c. is constrained by the market demand curve d. can use its pricing policy to shift the market demand curve e. faces an upward-sloping demand curve for its output
Economics