Compared to a Perfectly Competitive Firm,the Monopsonist's Marginal Labour Cost

question 1

Multiple Choice

Compared to a perfectly competitive firm,the monopsonist's marginal labour cost is __________,resulting in a __________ socially optimal level of output.

• A) greater;less than
• B) greater;greater than
• C) smaller;less than
• D) smaller;greater than
• E) the same;less than

---

Definitions:

Diverse Morphology

Refers to the variation in form and structure among organisms or parts of organisms within a population, species, or group.

Filaments

Long, thin structures found in many organisms, such as the stamen of flowers or muscle fibers, and are often involved in structural or motility functions.

Sheets

Thin, broad pieces of material, such as metal, paper, or fabric, used for various purposes.

Pseudopodia

Temporary, foot-like extensions of a cell's surface, used for movement and ingestion by some single-celled organisms.