Q. Under monophony in the labour market, the supply curve of labour facing the firm will be:
- Upward-sloping to the right
- Downward-sloping to the right
- Backward-sloping to the left
- Horizontal
Answer: Upward-sloping to the right
Q. Under monophony in the labour market, the supply curve of labour facing the firm will be:
Answer: Upward-sloping to the right