Author Question: Unlike a competitive buyer, A) a monopsonist faces an upward-sloping industry supply curve. B) ... (Read 39 times)

dmcintosh · **on:** Jul 1, 2018

Unlike a competitive buyer,

A) a monopsonist faces an upward-sloping industry supply curve.
B) a monopsonist pays a different price for each unit purchased.
C) a monopsonist sets marginal value equal to marginal expenditure.
D) a monopsonist pays a price that depends on the number of units purchased.

Question 2

Less than 1/3 of those age 85 or older are currently married.

Indicate whether the statement is true or false