Th3.4: ^^ Employees Flashcards
1
Q
What will the supplier do?
A
sell less goods and so employ less people
2
Q
What will the monopsonist do?
A
employ fewer, more or the same amount of people since they have less inputs to use for production but their costs are also lower
3
Q
How will making higher profits affect monopsonists?
A
may pay higher wages
