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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.4
Which of the following is a difference between a perfectly competitive labor market and a monopsony?
The wage rate paid to workers.
The firm's control over the labor market.
The number of buyers and sellers in the market.
The quantity of labor demanded.
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AP Microeconomics - 5.4 Monopsony Markets
Key terms
Monopsony
Perfectly competitive labor market
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Resources
Cram Mode
AP Score Calculators
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Practice Quizzes
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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