Th3.4: ^^ Employees Flashcards

1
Q

What will the supplier do?

A

sell less goods and so employ less people

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

How will making higher profits affect monopsonists?

A

may pay higher wages

How well did you know this?
1
Not at all
2
3
4
5
Perfectly