Make the graph of 
.Use a horizontal span of 0 to 5.
Definitions:
Wage Payment
The compensation that employees receive for their labor or services, typically expressed as an hourly rate or salary.
Profit-maximizing
A strategy or point where a business achieves its maximum level of profit by adjusting output and pricing.
Purely Competitive
A market structure characterized by many firms selling identical products, where no single firm can influence the market price.
Monopsonist
A monopsonist is a market condition where there is only one buyer in a market, giving this buyer significant control over the price and terms of purchase.
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