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anhsu anhsu
wrote...
Posts: 498
5 years ago

Question 1.

A monopsony restricts the quantity of a factor demanded to force down the price of the factor and increase profits.

• true

• false

Question 2.

Economic rent refers to the price of a factor of production which is fixed in supply.

• true

• false
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 57 times
1 Reply

Related Topics

Replies
wrote...
5 years ago

Answer 1

true

Answer 2

true
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