In Order to Hire an Additional Worker, a Monopsony Must

question 17

Multiple Choice

In order to hire an additional worker, a monopsony must pay

• A) a higher wage rate than it paid before.
• B) the same wage rate it paid before.
• C) a lower wage rate than it paid before.
• D) a wage rate that is sometimes higher, sometimes lower, and sometimes the same as before, depending on the elasticity of the supply of labor.

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