When there is a positive return to monopsony power, this means
a. many employers share economic profits from exploiting workers
b. workers have been successful in forming unions
c. labor markets are perfectly competitive
d. workers are paid less than in a competitive labor market
e. wages are equal to the marginal revenue product of labor
D
Economics
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Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost
A) trade imbalances B) comparative advantages C) market failures D) diminishing returns
Economics
How is a price index computed?
What will be an ideal response?
Economics