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Author Question: What is a monopsony? What will be an ideal response?[br][br][b][color=black]Question ... (Read 68 times)

asd123

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on: Jun 29, 2018
What is a monopsony?
 
  What will be an ideal response?

Question 2

If the economy is producing ________, unemployment is at its natural rate.
 
  A) at an unemployment rate of zero B) at an inflation rate of zero
  C) at potential GDP D) above potential GDP
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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b614102004

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A monopsony is a market with only one buyer of a factor of production.

Answer to Question 2

C


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