Which of the Following Is False

question 64

Multiple Choice

Which of the following is false?

• A) For the monopsonist, marginal factor cost decreases as it buys additional units of a factor.
• B) For the monopsonist, the supply curve of the factor it buys is different from the marginal factor cost curve.
• C) The monopsonist buys that quantity of a factor at which marginal revenue product equals marginal factor cost.
• D) The monopsonist pays its factors a dollar amount less than its marginal factor cost.

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