Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

In which case could government intervention to increase the pay of a group of workers be justified so as to stop them being exploited?

  • Ain an industry that is protected by tariffs on imports from abroad
  • Bin an industry when a trade union negotiates wages for the workers
  • Cin an industry when the output is produced by a single firm monopolist
  • Din an industry when workers are employed by a monopsonist

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