Exhibit 27-6 ​ Refer to Exhibit 27-6. L and W Are the Equilibrium

question 87

Multiple Choice

Exhibit 27-6 ​

Refer to Exhibit 27-6. L and W are the equilibrium quantity of labor employed and the wage rate respectively. A person arguing that a worker is being exploited if she is paid less than the value of her marginal product would say that the exhibit is an illustration of the fact that

• A)perfect competition entails labor exploitation.
• B)monopoly entails labor exploitation.
• C)monopoly entails no labor exploitation.
• D)monopsony entails labor exploitation.
• E)monopsony entails no labor exploitation.

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