Skip to content

Course home

1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets

What is a monopsony?

A

A product market with a single or dominant buyer of labour.

B

A labour market with a single or dominant seller of labour.

C

A labour market with a single or dominant buyer of labour.

D

A labour market with a large number of competing buyers of labour.

1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets Flashcards

  1. A Level
  2. /Economics
  3. /1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets

Flashcards for AQA A Level Economics 1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 27 cards, matched to the AQA A Level Economics (7136) specification.