Monopsony Power definition

Can someone please help me in finding out the accurate answer from the following question. The monopsony is a: (1) Market with just one seller. (2) Sole buyer of a specific good or resource. (3) Market with just one product. (4) Firm which employs just one resource.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Problem regarding Privatization I have

I have a problem in economics on Problem regarding Privatization. Please help me in the following question. The procedure of transforming government-run production facilities into ‘for-profit’ businesses is: (i) Privatization. (ii) Cartelization. (iii) Cap

Q : Economic profits maximizing When this

When this monopolistic competitor produces Q units, this is maximizing: (w) sales development and its market share. (x) total revenue. (y) economic profits. (z) total fixed cost and its managers' salaries.

Q : Determine demand and supply when

If, throughout a period while video iPods are gaining popularity, the technology to create them enhances, in that case demand: (w) and supply would both decrease. (x) and supply would both increase. (y) increases when supply decreases. (z) decreases when supply

Q : Unitarily price elastic of demand At a

At a price for $25, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively associated to supply.

Q : Resource market in equilibrium demand

When the resource market shown in this illustrated figure is initially within equilibrium along with demand curve D0: (w) owners of these resources currently receive no economic rents. (x) economic rent is specified by area

Q : Specific market price The difference

The difference among maximum amount which consumers would willingly pay for a particular quantity of a good and the amount they really pay at a specific market price is termed as: (i) Discount rate. (ii) Mark-up factor. (iii) Familial gains. (iv) Hous

Q : Horizontal individual demand curves The

The market demand curve is recognized by: (i) Vertically summing up individual demand curves. (ii) Graphing intersections of demand and supply over time. (iii) Holding quantity constant while summing up each price on demand curve. (iv) Horizontally summing up individu

Discover Q & A

Leading Solution Library

Avail More Than 1456833 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1951352
Asked

3,689

Active Tutors

1456833

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment