Where monopsony exists, ____ workers will be hired at ____ wages than if perfect competition prevailed in a labor market

During the 2008-09 recession, the U-6 measure of the unemployment rate

A) which counts marginally attached workers and discouraged workers as unemployed, reached 17 percent. B) which counts marginally attached workers and discouraged workers as employed, reached 10 percent. C) which counts marginally attached workers as unemployed but does not count discouraged workers as unemployed, reached 17 percent. D) which counts all part time workers as employed, reached 12 percent. E) which counts discouraged workers as unemployed but does not count marginally attached workers as unemployed, reached 17 percent.

Economies of scale for firms in an industry can limit competition

Indicate whether the statement is true or false