The degree of monopsony power that a firm enjoys is determined by A)

The degree of monopsony power that a firm enjoys is determined by

A) elasticity of market demand, elasticity of market supply, and number of buyers in the market.
B) elasticity of market supply, number of buyers in the market, and how buyers interact.
C) number of buyers in the market, how buyers interact, and number of sellers of the resource.
D) how buyers interact, number of sellers of the resource, and elasticity of market demand.

ANSWER

B