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Other Fields Homework Help Economics Topic started by: SPP24 on Feb 28, 2019

Title: A monopsony is a term used to refer to a firm that is the sole seller of a good or service.
Post by: SPP24 on Feb 28, 2019

Question 1.

The market price of a factor of production that is in fixed supply is determined only by demand.

• true

• false

Question 2.

A monopsony is a term used to refer to a firm that is the sole seller of a good or service.

• true

• false

Title: A monopsony is a term used to refer to a firm that is the sole seller of a good or service.
Post by: Kailz1218 on Feb 28, 2019

Answer 1

true

Answer 2

false

Title: A monopsony is a term used to refer to a firm that is the sole seller of a good or service.
Post by: SPP24 on Feb 28, 2019

Thanks