In which of the following situations is there most likely to be a monopsony?
A) the market for farm workers in a large rural area
B) the market for advertising executives in New York City
C) the market for accountants in New York City
D) the market for NBA players drafted out of college by one NBA team
D
You might also like to view...
The _____ requires taxpayers to calculate their taxes without most tax preferences, compare it to their tax liability the conventional way, and then pay the tax based on which is higher
a. Alternative Minimum Tax b. Alternative Maximum Tax c. Allocative Minimum Tax d. Allocative Maximum Tax
When using the traditional command-and-control approach to environmental regulation, the government attempts to:
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement. b. determine the most efficient method for different industries. c. make allowances for differences across industries and between firms. d. set standards that are applicable to all situations and does not recognize unique circumstances.