Which of the Following Does Not Describe a Perfectly Discriminating

question 1

Multiple Choice

Which of the following does not describe a perfectly discriminating monopsonist?

• A) The firm hires different workers at different wages.
• B) The firm hires workers to the point where the labor supply curve intersects the firm's labor demand curve.
• C) The firm's marginal cost of labor equals the labor supply curve faced by the firm.
• D) The firm uses fewer hours of labor than it would if it were in a competitive market.
• E) The wage-labor outcome is efficient.

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Definitions:

Disinterested Perspective

An unbiased, objective view without personal interest, prejudice, or financial stake.

Early Nineteenth Century

A period marked by significant social, political, and cultural changes in the world, roughly spanning the years from 1801 to 1830.

Hegel

A German philosopher, Georg Wilhelm Friedrich Hegel, known for his contributions to idealism and his dialectical method of thesis, antithesis, and synthesis.

Reflective

Characterized by deep thought or contemplation, often about oneself or one's experiences and actions.