Question origin
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. blank in a labor monopsony, employers can force workers to accept lower wages.
Which choice completes the text with the most logical transition?
Earlier,
Instead,
Similarly,
In particular,
Originally coined by economist Joan Robinson to refer to markets with multiple sellers of a product
Medium-difficulty · SAT Reading & Writing · Transitions — Additive transitions (also, moreover). Read the question above, select your answer, and check the full explanation below to understand exactly why the correct choice works.
Answer explanation
Choice C is the best answer. “Similarly” logically signals that the information in this sentence about a labor monopsony is similar to the information in the previous sentence about a product monopsony. In both types of markets, one party (an employer or a buyer) has the power to force another party (a worker or seller) to accept less money (for labor or products).
Choice A is incorrect because “earlier” illogically signals that the information in this sentence about a labor monopsony occurs earlier (in a chronological sequence) than the information about a product monopsony. Instead, it is similar to the information about a product monopsony. Choice B is incorrect because “instead” illogically signals that the information in this sentence about a labor monopsony is an alternative to the previous information about a product monopsony. Instead, it is similar to the information about a product monopsony. Choice D is incorrect because “in particular” illogically signals that the information in this sentence about a labor monopsony provides specific details elaborating on the previous information about a product monopsony. Instead, it is similar to the information about a product monopsony.
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