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

Power of 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: (i) Monopsonist. (ii) Plutocracy. (iii) Bilateral monopolist. (iv) Price discriminator. (v) Conglomerate.

Please suggest me the right option.

View Complete Question

Related Questions in Microeconomics

Q : Interdependent decisions of oligopolies

Industries dominated by some large firms whose decisions are interdependent are: (1) oligopolies. (2) monopolies. (3) cartels. (4) monopsonies. Please choose the right answer from above...I want your suggestion for the same.

Q : What is the equilibrium price and

Objectives: This assessment item relates to the course learning outcomes 1, 2 and 3 as listed in Part A. Question 1 (22 marks) (a) Consider the market represented by the schedule in the table below. (5 marks) Price Quantity demanded Quantity

Q : Goals of the Firm-Profit Maximization

The supposition that firms try to maximize the profits: (i) Is the beginning point for most of the economic analyses of how firms function. (ii) Can be wrong for the cases in which the professional corporate managers maximize their own self interests rather than the i

Q : Giving wholesale price per dozen by

When Rose Garden Wholesalers has a typical type cost structure of rose farms within this purely competitive industry, into the long run new competitors would most likely enter the market providing the wholesale price

Q : Problem related to aggregate demand

Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d

Q : Economic cost Economic cost can best be

Economic cost can best be defined as: A) any contractual obligation that results in a flow of money expenditures from an enterprise to resource suppliers. B) any contractual obligation to labor or material suppliers. C) compensations that must be received by resource owners to insure their continued

Q : Break-even levels of output for a firm

Break-even levels of output for a firm happen where is: (w) total revenue equals total economic cost. (x) accounting profits are zero. (y) total variable cost equals total fixed costs. (z) competitive firms will shut down within the short run.

Q : Problem of Income Effects on paychecks

I have a problem in economics on Income Effects on paychecks. Please help me in the following question. Whenever prices are increased and your paycheck does not alter the purchasing power of your pay refuses. This is an instance of the: (1) Substituti

Q : Quantity sold of total revenue of pure

Total revenue of a pure competitor is its quantity sold that is multiplied by its: (w) profit per unit. (x) price per unit. (y) average variable cost. (z) overhead cost per unit. Can someone explain/help me with be

Q : Reasons of rent controls set under

Rent controls set under equilibrium tend to cause: (w) simpler access to affordable housing. (x) apartment construction to boom. (y) the quantity and upkeep of rental units to fall. (z) less racial discrimination within housing.

Discover Q & A

Leading Solution Library

Avail More Than 1435329 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1960710
Asked

3,689

Active Tutors

1435329

Questions
Answered

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

Submit Assignment