All Subjects
Light
Practice Quizzes
AP Microeconomics
Unit 5 – Factor Markets
Topic 5.4
Suppose a monopsony firm is facing a shortage of skilled workers. What strategy could the firm adopt to attract more skilled workers to the labor market?
Implement wage discrimination to target skilled workers.
Decrease the wage rate to increase labor supply.
Offer training programs to enhance workers' skills.
Reduce the number of workers hired to balance the shortage.
Related content
Practice quizzes
Practice this subject
Practice this unit
Practice this topic
Study guides (1)
AP Microeconomics - 5.4 Monopsony Markets
Key terms
Monopsony
Labor Market
Skilled Workers
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
Stay Connected
© 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.
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 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.
Back
Practice Quiz
Guides
Glossary
Guides
Glossary
Next
