A monopoly is a sole ____, and a monopsonist is a sole ____.
A. buyer in a product market; seller in a product market
B. seller in a product market; seller in a labor market
C. buyer in a product market; seller in a labor market
D. seller in a product market; buyer in a labor market
Answer: A
Economics
You might also like to view...
Explain why risk can be insured against but uncertainty cannot
What will be an ideal response?
Economics
According to 2010 surveys, the most frequently traded currency pair is the U.S. dollar and Japanese yen.
a. true b. false
Economics
Positive Vs. Normative Economic Analysis
What will be an ideal response?
Economics
On a downward-sloping linear demand curve, demand becomes more inelastic as price decreases.
Answer the following statement true (T) or false (F)
Economics