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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.4
In a monopsony, what would be the likely impact on the wage rate if the government imposes a tax on the firm for each worker hired?
It depends on the elasticity of labor demand.
The wage rate would increase.
The wage rate would remain unchanged.
The wage rate would decrease.
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AP Microeconomics - 5.4 Monopsony Markets
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Monopsony
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Cram Mode
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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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