A few years ago, this would have been unthinkable, as the cost of hiring a media team would erode much of the margins. Now, with ubiquitous access to platform technology, PR agencies are looking at building small in-house media teams to leverage social budgets, and make deploying social mar...
hiring the eleventh unit is $6.10. While the $6 factor price means the monopsony incurs a $5.10 factor cost from hiring this worker, this cost is compounded by an extra cost of $1 due to the higher wage paid to the first ten workers. The overall increase in cost, that is marginal ...
such as the need for organized on-field competition among the different "firms," professional teams have gained market control over resources (hiring athletes) and over their