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प्रश्न
Which example best represents a monopsony in the labour market?
पर्याय
Many IT firms are hiring programmers in a big city
One large mining company employing most workers in a small village
Several supermarkets buying vegetables from many farmers
Many schools hiring teachers in a metro city
MCQ
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उत्तर
One large mining company employing most workers in a small village
Explanation:
A single large mine in a small area hiring most local workers is a classic case of one employer facing many workers, showing monopsony power.
shaalaa.com
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