What is the equilibrium wage and level of employment under monopsony?

a. W1 and E1
b. W2 and E0
c. W0 and E0
d. W0 and E1
e. W0 and E2

C

Economics

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Which of the following is not a potential source of monopoly?

a. patents b. economies of scale c. competitive tactics d. civil rights

Economics

Monopolistic competition tends to lead firms to have wasted capacity. Why?

What will be an ideal response?

Economics