If the employer is a monopolist in the output market:

Question 12 options:

a)The demand for labour is less elastic than it would be if the firm operated in a competitive output market

b)The firm's demand curve for labour is identical to the case where the firm is a competitor in the output market

c)There is monopsony in the input market

d)The demand for labour is less elastic than it would be if the firm operated in a competitive input market