Labor market for teachers in a small, isolated community that has one school district is?

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Labor market for teachers in a small, isolated community that has one school district is?

These are the choices
a monopsony or bilateral monopoly

2006-12-10 07:09:35 · 1 answers · asked by jengram340 1 in Education & Reference ➔ Primary & Secondary Education

1 answers

The answer is monopsony - single buyer - one school district

bilateral monopoly is one buyer and one seller - in your case they still need more than one teacher

2006-12-10 12:18:47 · answer #1 · answered by JuanB 7 · 1⤊ 0⤋