What type of market has few sellers? A) perfect competition B) ...

[olgavictoria]

What type of market has few sellers?
 A) perfect competition
  B) monopolistic competition
  C) oligopoly
  D) monopoly

Question 2

All of the following are characteristics of a monopsony employer except:
 a. there is a single buyer of labor.
 b. the monopsony firm moves up the positively sloped supply curve it faces.
 c. fewer number of workers hired for wages below what they would be in a competitive market.
  d. workers work for less than their marginal revenue product.

[ryansturges]

Answer to Question 1

C

Answer to Question 2

b

[olgavictoria]

Thank you

[ryansturges]

No problemo