A. 7 B. 2 C. 5 D. 3 Instructions There are 2 initial diagrams, the left one repr

Question

A. 7 B. 2 C. 5 D. 3 Instructions There are 2 initial diagrams, the left one represents bilateral monopoly, the right a monopsony. Click the graph image or click here to bring up a template on which to draw a graph to respond to the questions in this quiz Monopsony Outcome: Before Arbitration Bilateral Monopoly ME ME 90 300 100 M 100 1 2 3 456 789 Select the File/Copy commands in Google to make a copy of the graph in your Google Drive Account, thien follow the below instructions to complete the graph: 1. in the right hand diagram represent a monopsony equilibrium outcome. 2·in the left hand diagram represent a bilateral monopoly outcome.

Explanation / Answer

Answer:- Compared to perfect competition, the monopsony employees _____ fewer players

Correct Answer:- 2

Reason:- Labor employed in  monopsony = 3

Labour employed in perfect competition =5

so difference = 5-3 = 2 employees

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