What is it called when people are paid unfairly low because there is only one company hiring and workers are relatively immobile?

🎲 Try a Random Question  |  Total Questions in Quiz: 14  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Labor Markets and Minimum Wage (Crash Course) — practice the complete quiz, review flashcards, or try a random question.


1. What is it called when people are paid unfairly low because there is only one company hiring and workers are relatively immobile?