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Home Q & A Board Other Fields Homework Help Business Economics
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nakungth nakungth
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Posts: 1175
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6 years ago
Which of the following is TRUE concerning equilibrium in a monopsonistic factor market?
A) The firm uses the efficient level of the input but does not maximize profit.
B) The firm maximizes profit but does not use the efficient level of the input.
C) The firm maximizes profit and uses the efficient level of the input.
D) The firm either maximizes profit or uses the efficient level of the input, but it cannot do both at the same time.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 66 times
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wrote...
#1
6 years ago
B
nakungth Author
wrote...
#2
5 years ago
A+ answer, ty
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