Refer to the above figure. Between points f and g, the opportunity cost of producing 75 more bushels of wheat is

For a monopsony, the marginal cost of labor exceeds the wage rate because the firm must increase the wage it pays to all of its workers if it wishes to increase its employment

Indicate whether the statement is true or false

Which of the following represents a good example of an oligopoly?

A) the agriculture industry B) a public utility C) the automobile industry D) the restaurant industry