Which of the following scenarios best exemplifies a monopsony labor market, and why does it fit this classification?

A monopsony labor market occurs when there is only one major employer in a certain area or industry, giving that employer significant control over wages and employment conditions. For example, imagine a small town where the only factory employs most of the workers. Since this factory is the only place people can find jobs in that town, it can set lower wages because employees have few alternatives. This situation shows how the factory's power affects workers, as they may have to accept less pay than they would in a competitive job market. Thus, the key reason this scenario fits the monopsony classification is that the single employer's dominance limits workers' options and bargaining power.