Enter 1 for " Monopolist" Enter 2 for " Monopsonist" Enter 3 for " "Perfectly Competitive" Enter 4 for " "None of the above" A. St. Alexandra Hospital is the only hospital in the region hiring surgeons to provide surgery. The hospital is ___ in the product market and ___ in the labour market. B. MediHouse is one of many clinics in the city, hiring nurses and providing medical services. The nurses belong to a union and bargain as a single unit. The nurses are ___ in the product market and ___ in the labour market. C. MediHouse is one of many clinics in the city, hiring nurses and providing medical services. MediHouse is ___ in the product market and ___ in the labour market.

Q&A Education