English Language · English
Which choice completes the text with the most logical transition? Originally coined by economist Joan Robinson to refer to markets with multiple sellers of a product but only one buyer, the term 'monopsony' can also refer to markets where demand for labor is limited. In a product monopsony, the single buyer can force sellers to lower their prices. _________ in a labor monopsony, employers can force workers to accept lower wa ges.
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