Th3.4: ^^ Employees Flashcards
1
Q
Monopolists produce at lower outputs so…
A
will employ fewer workers
2
Q
However, what may the inefficiency of the monopoly result in?
A
employees receiving higher wages, particularly directors and senior managers
3
Q
Why might more employees be employed?
A
profit satisficing or sales/revenue maximising may mean output is higher and so more employees are employed
