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dskmvld dskmvld
wrote...
Posts: 361
A week ago

Question 1.

The Buda Agri Corporation is the sole employer in rural Hungary. In the labor market, Buda Agri is a



perfect competitor.



monopsony.



monopoly.



monopolistic competitor.



Question 2.

Marginal productivity theory implies that in a perfectly competitive market economy, a worker will receive income



that is greater than the value of her marginal contribution to the production process.



equal to the value of her marginal contribution to the production process.



greater than, less than, or equal to the value of her marginal contribution to the production process, depending on her ability to negotiate with employers.



that is less than the value of her marginal contribution to the production process.

Textbook 

InMicro


Edition: 1st
Authors:
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Kutthroat KaneKutthroat Kane
wrote...
Posts: 322
A week ago
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Answer 1

monopsony.



Answer 2

equal to the value of her marginal contribution to the production process.

1

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