Refer to the given data. If this firm can hire as few or many workers as it wants at $9, it is
A)hiring labor in a monopsony labor market.
B)hiring labor in a purely competitive labor market.
C)selling its product in a monopolized product market.
D)selling its product in a purely competitive product market.

Question

Refer to the given data. If this firm can hire as few or many workers as it wants at $9, it is
A)hiring labor in a monopsony labor market. 
B)hiring labor in a purely competitive labor market. 
C)selling its product in a monopolized product market. 
D)selling its product in a purely competitive product market.

Quizplus · Accepted Answer

The Answer of  Refer to the given data. If this firm can hire as few or many workers as it wants at $9, it is
A)hiring labor in a monopsony labor market. 
B)hiring labor in a purely competitive labor market. 
C)selling its product in a monopolized product market. 
D)selling its product in a purely competitive product market.

Refer to the Given Data