1. Describe the hiring decision of a perfectly discriminating mon-opsonist and of a non-discriminating mon-opsonist. In what sense do mon-opsonists "exploit" workers?
2. Show how the imposition of a minimum wage on a monopsony can increase both wages and employment.
3. Describe the hiring decision of a monopolist.
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Deming’s main themes in his System of Profound Knowledge form a foundation for study of quality management. Think about a real-world quality problem that you have seen, s...Aug 27 2020