A Monopsonist Must Pay a Higher Net Wage Rate to Hire

question 23

Multiple Choice

A monopsonist must pay a higher net wage rate to hire additional workers because as a single

• A)Seller,it has market power.
• B)Seller,it does not have to compete with other firms for customers.
• C)Buyer in the market,it faces an upward-sloping supply curve for labor.

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