Under monophony in the labour market, the supply curve of labour facing the firm will be

Under monophony in the labour market, the supply curve of labour facing the firm will be

Q.        Under monophony in the labour market, the supply curve of labour facing the firm will be:

  1. Upward-sloping to the right
  2. Downward-sloping to the right
  3. Backward-sloping to the left
  4. Horizontal

Answer: Upward-sloping to the right          

Demand and Supply MCQs
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