Chapter 12, Problem 11QFR

explain the differences between a monopoly and a monopsony?

Explain why market forces are likely to eliminate discrimination (use game theory approach)

What is the difference between a monopoly and a monopsony? What happens when they meet?Explain.

Question 2    In microeconomic theory, the standard intuition tells us that employees will reduce their labor supply or pursue another job elsewhere when employers cut wages. Does the latter intuition omit geographic isolation, worker preferences, or moving costs. Consequently, employers would be considered to have greater market power over their workers. This would be an example of   A. monopoly B. monopsony C. perfect competition D. monopolistic competition  Full explain this question and text typing work only     We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

Explain how equilibrium is determined in a perfectly discriminating monopsony. Use a graph to explain.

As the number of firms in an oligopoly industry decreases, the market moves closer to a __________ market. Over the last 60 or so years, the percentage of women with paid jobs has increased significantly. Is this increase in female employment associated with an increase in the demand for labor, or is it associated with an increase in the supply of labor? How does increased immigration affect the labor market? How would the equilibrium wage and the equilibrium quantity of labor be affected?

If a cost-minimizing firm sells its services in an oligopolistic market, with a marginal product of capital of 10, a rental rate of capital of $5, and a wage rate of $20, what is the marginal product of labor?   1.4 2.20 3.40 4.60 5.80

6. Write short notes on  Mercantilism Absolute Cost advantage theory Leontief Paradox  Contract Marketing

In many European nations, unionsa. are considered cartels in violation of antitrustlaws.b. conspire with firms to keep wages belowcompetitive levels.c. are social clubs without any economic impact.d. play a much larger role than they do in theUnited States.