Which of the Following Is TRUE Concerning Equilibrium in a Monopsonistic

question 36

Multiple Choice

Which of the following is TRUE concerning equilibrium in a monopsonistic factor market?

• A) The firm uses the efficient level of the input but does not maximize profit.
• B) The firm maximizes profit but does not use the efficient level of the input.
• C) The firm maximizes profit and uses the efficient level of the input.
• D) The firm either maximizes profit or uses the efficient level of the input, but it cannot do both at the same time.

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