Assuming Identical Marginal Revenue Product Curves and All Other Things

question 128

Multiple Choice

Assuming identical marginal revenue product curves and all other things unchanged, the price of a factor in a monopolistic factor market is:

• A) less than the price of a factor in an otherwise perfectly competitive factor market.
• B) equal to the price of a factor in an otherwise perfectly competitive factor market.
• C) greater than the price of a factor in an otherwise monopsonistic factor market.
• D) less than the price of a factor in an otherwise monopsonistic factor market.

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