Power monopsonist, I have a problem in economics on Power of monopsonist. Please help me

Power monopsonist

I have a problem in economics on Power of monopsonist. Please help me in the given question. The firm which is the sole buyer of a specific good or resource is a: (m) Monopsonist. (n) Plutocracy. (o) Bilateral monopolist. (p) Price discriminator. (q) Conglomerate.

Please suggest me the right option.

View Complete Question

Related Questions in Microeconomics

Q : Price ceiling If the government puts a

If the government puts a rent ceiling of $650 a month, what is the rent paid and how many rooms are rented? Explain why?

Q : Cost and revenue assume the firm is a

assume the firm is a price taker and faces a market price of €60 per unit. draw the AR and MR curves

Q : Relative Income to Measures and

From 1976 year, after adjusting income for taxes and transfers, the relative income group which, according to the Department of the Census, which has decreased most markedly like a percentage of the U.S. population ha

Q : Marginal factor cost The Siberian

The Siberian Software vends custom programs to big multinationals. Its programs are coded in the remote region. In equilibrium, the Siberian faces a marginal factor cost for the programmers of roughly: (1) $21 per hour. (2) $24 per hour. (3) $12 per hour. (4) $18 per

Q : Economists conceive of any resource

Economists can’t conceive of any resource or product for which the: (i) Price elasticity of demand is zero (0) and the demand curve is vertical. (ii) Price elasticity of supply is zero (0) and supply curve is vertical. (iii) Income elasticity of

Q : Explicit Costs of business The Explicit

The Explicit costs of doing the business would comprise: (i) The value of owner’s time (ii) Depreciation on the company owned truck (iii) The interest that the owner could earn when her savings were not tied up in firm. (iv) Salaries paid to the

Q : Purely competitive firm with no market

A purely competitive firm along with no market power faces: (1) a perfectly elastic demand curve. (2) a perfectly elastic supply curve. (3) a perfectly inelastic demand curve. (4) a perfectly inelastic supply curve. (5) a downward sloping demand curve

Q : Economists view on Psychic Income Can

Can someone please help me in finding out the accurate answer from the following question. The Economists view on the psychic income as the: (1) Explicit cost of the production. (2) Implicit cost of production. (3) Implicit revenue gathered by the firm's owner. (4) Ac

Q : New cost-saving technologies adopting

Firms are under greater pressure to rapidly adopt any new cost-saving technologies when an industry is: (i) closely regulated by government. (ii) controlled by professional managers instead of owners. (iii) dominated by a vast monopoly. (iv) highly co

Q : History of labor-Yellow Dog Contracts

The agreements not to join unions were once general needs for employment. Now outlawed, such are termed as: (1) Blacklist contracts. (2) Feather-bedding certificates. (3) Employment screens. (4) Exclusionary provisions. (5) Yellow dog contracts.

Discover Q & A

Leading Solution Library

Avail More Than 1427991 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1955714
Asked

3,689

Active Tutors

1427991

Questions
Answered

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

Submit Assignment