When there is only one buyer in the market a. then the market will be perfectly...

When there is only one buyer in the market

a. then the market will be perfectly competitive

b. a monopsony exists

c. a closed shop exists.

d. the supply curve for the good will be perfectly elastic.

Any practice that forces employers to use more labor than they would otherwise use is

a. monopolistic exploitation

b. a craft union

c. closed shop

d. featherbedding.

IN MICROECONOMICS

Expert Solution

Rahul Sunny answered 1 year ago

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