Competition and Labor Markets

Can someone please help me in finding out the accurate answer from the following question.

With similar market demand for its product and similar market labor supply curve, employment will be maximum when the firm is: (1) Pure competitor in product and labor markets. (2) Monopolist in the product market and pure competitor in labor market. (3) Pure competitor in the product market and the monopsonist in labor market. (4) Monopolist in product market and a monopsonist in labor market.

View Complete Question

Related Questions in Microeconomics

Q : Limited liability of the owners I have

I have a problem in economics on Limited liability of the owners. Please help me in the following question. The limited liability of the owners is one of the main benefits of: (i) Partnerships. (ii) Corporations. (iii) Wandering confidence schemers. (iv) Sole propriet

Q : Determine least price elasticity in

Of all of the known ranges on such supply curves, the supply of tanks of dehydrated water is least price elastic in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point e and point f. (v) point g and point

Q : Why demand curve is more elastic Why

Why demand curve is more elastic under monopolistic competition as compare to monopoly.

Q : Total variable cost when maximizes

Total variable cost when this firm maximizes economic profits would be: (i) $12,000 per period. (ii) $24,000 per period. (iii) $32,000 per period. (iv) $48,000 per period. (v) $60,000 per period.

Q : Change in relative price I have a

I have a problem in economics on Change in relative price. Please help me in the following question. The Substitution takes place all along a demand curve when there is a: (1) Rapid shortage of a required product. (2) Increase in the common price level. (3) Change in

Q : Gaining more Consumer Surplus I have a

I have a problem in economics on gaining more Consumer Surplus. Please help me in the following question. Sushi lovers would be most probable to gain more consumer surplus as an outcome of rises in the: (i) Price of the steamed rice. (ii) Supply of sushi. (iii) Income

Q : Prices and costs of investment goods

The prices and costs of investment goods do not be likely to: (1) rise during periods of prosperity. (2) rise as demand for these goods increases. (3) fall throughout economic slumps. (4) fall as demand for these goods decreases. (5) fall as a result

Q : Typical production possibilities curve

Evaluate which one is not correct? A typical production possibilities curve: A) indicates how much of two products a society can produce. B) reveals how much each additional unit of one product will cost in terms of the other product. C) specifies how much of each pro

Q : Horizontal sum of the quantities in

The short-run supply curve for a purely competitive industry is the horizontal total of the: (a) quantities demanded by consumers at each price. (b) prices charged by individual firms for each quantity supplied. (c) quantities supplied by established

Q : Goal of the War on Poverty Enhancing

Enhancing the conditions of the poor was a main goal of the War on Poverty which was launched under President: (1) Franklin Delano Roosevelt. (2) Lyndon Johnson. (3) Richard Nixon. (4) Jimmy Carter. (5) Ronald Reagan.

Discover Q & A

Leading Solution Library

Avail More Than 1438919 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926944
Asked

3,689

Active Tutors

1438919

Questions
Answered

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

Submit Assignment