Monopsony power in the market of labor

Can someone please help me in finding out the accurate answer from the following question? The firm probable to encompass significant monopsony power in its labor market would be: (v) Big cotton farm in the Texas hiring migrant workers. (w) Textile manufacturer in Hong Kong hiring the factory workers. (x) Janitorial service organization in London hiring the maintenance engineers. (y) Ski resort in Aspen, Colorado hiring the ski instructors. (z) New York investment banker trying to hire new graduates.

View Complete Question

Related Questions in Microeconomics

Q : Possessing a problem of Moral Hazard I

I have a problem in economics on possessing a problem of Moral Hazard. Please help me in the following question. The Moral hazard poses a problem if: (i) People with health insurance acquire flu shots. (ii) Persons who are sicker purchase health insur

Q : Screening-derived demand Can someone

Can someone please help me in finding out the accurate answer from the following question. Boris, who functions a local landscaping company, needs each of the potential employee to lift a 200 pound tree before being hired full-time. This need is an illustration of: (1

Q : Price equality with marginal costs It

It is not possible for a nondiscriminating, that profit maximizing monopolist to attain equilibrium where MR = MC as well as: (w) economic profit = 0. (x) economic profit is negative. (yz marginal costs are at the minimum of average costs [MC = ATC].

Q : Legal doctrine in Laws and Regulations

Whenever goods are non-standardized and rarely purchased by an individual, an assumption that the sellers will contain superior knowledge of the product characteristics is an argument for applying the authorized doctrine of: (1) Caveat emptor. (2) Nolo contendere. (3)

Q : Persistence of Economic profits in long

I have a problem in economics on Persistence of Economic profits in long run. Please help me in the following question. Economic profits will continue in long run only when: (i) There are barriers to the entry and exit. (ii) Markets are much competitive. (iii) There a

Q : Determine highest incomes at specific

Salespeople as illustrated in graph who earn percentage commissions upon the total revenue from DVD games would create their highest incomes at specific price of: (w) $50. (x) $25. (y) $10. (z) zero.

Q : Commercial introduction of production

Innovation: (w) entails financial investment to create human capital. (x) comprises the commercial introduction of a new product or production process. (y) can reasonably describe only normal accounting profit. (z) was used by John Maynard Keynes to d

Q : What is Average Total Cost What is

What is Average Total Cost. Also write down its formula?

Q : Monopsony Power-janitorial service Can

Can someone help me in finding out the right answer from the given options. The employer least probable to encompass monopsony power would be: (i) The janitorial service firm in Chicago. (ii) Police force in the Clemson, South Carolina. (iii) U.S. Navy. (iv) Sports sh

Q : Individual demand and market demand

Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices.

Discover Q & A

Leading Solution Library

Avail More Than 1422931 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959702
Asked

3,689

Active Tutors

1422931

Questions
Answered

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

Submit Assignment