Which of the following could be considered an example of a monopsony?
a. a professional sports league
b. the only auto repair shop in a small town
c. a single mining firm that was the only employer in the area
d. all of the above
d
You might also like to view...
The flow of capital results from the changes or differences in interest rates among countries
Indicate whether the statement is true or false
In 2009, nominal GDP was $14,050 billion and M1 was $1,587 billion. Velocity was
A. 0.11. B. 8.85. C. 11.30. D. 14.25.
An inferior good is a good
A. that consumers purchase more when their incomes are higher. B. of high quality. C. that has low quality. D. that consumers purchase less of when their incomes are higher.
The Clayton Act of 1914:
A. prohibited selling products at "unreasonably low prices" with the intent of reducing competition. B. outlawed tying contracts. C. outlawed asset-purchase contracts that would substantially reduce competition. D. made it illegal to monopolize a market.