Category: 13) Labor Market

In a monopsony market, the monopsonist firm—like any profit‐maximizing firm—determines the equilibrium number of workers to hire by equating its Read more…

While each labor market is different, the equilibrium market wage rate and the equilibrium number of workers employed in every perfectly Read more…

A labor market in which there is only one firm demanding labor is called a monopsony. The single firm in the market Read more…

In addition to making output and pricing decisions, firms must also determine how much of each input to demand. Firms may choose Read more…

Economics Tutorials

13) Labor Market