Author Question: What is a monopsony? What will be an ideal response?[br][br][b][color=black]Question ... (Read 73 times)

asd123

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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


b614102004

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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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