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Why monopsonist hires fewer workers than a firm in competitive labor market?
A monopsonist hires fewer workers than a firm in a competitive labor market because it is the sole buyer of labor, giving it greater market power to set wages. Unlike competitive firms that accept the market wage, a monopsonist must raise wages to attract additional workers, leading to higher marginal costs for hiring. As a result, the monopsonist will hire workers up to the point where the marginal cost of labor equals the marginal revenue product, which typically occurs at a lower quantity of employment compared to competitive firms. This results in a lower overall employment level in the monopsonistic market.
A single buyer is called?
A single buyer is referred to as a "monopsonist." This term is used in economics to describe a situation in which there is only one buyer in the market.
Will getting a DUI ruin my friends chances of becoming an EMT?
It may restrict their ability to drive an emergency vehicle, which in turn may reduce their chances of employment by a particular authority.
What is correct Many people have wished for a mild winter or Many people has wished for a mild winter?
Many people have wished. Many indicates a plurality. One person has wished for a mild winter, but two or more have wished.
What is the past and past participle for wish?
infinitive: wish past: wished past participle: wished
When was I Wished on the Moon created?
I Wished on the Moon was created in 1935.
What is past tense of wish?
wished as in "I wished that my prince/ss would come, and s/he did!"
Under what circumstances are the services of contractors who specialize in the techniques and technologies of mineral geophysics and mine engineering sought?
Because smaller mining firms either did not have the capital resources to perform exploration and extraction activities or wished to restrict themselves to the operational side of mining
Can a private company restrict the use of job finding websites on personal time?
By "personal time" it will be assumed that you are actually at your place of employment, but on "break" time. They can if you are using their computer system or servers to access the net.
What is the duration of Wished on Mabel?
The duration of Wished on Mabel is 660.0 seconds.
What is the past tense of wish?
The past tense of wish is wished. ex) "I wish I had a pony" and "I wished for a pony"
What is the verb of restrict?
Restrict is already a verb. For example, "to restrict something or someone" is an action and therefore a verb.
