Which of the Following Is Not True About a Monopsonist

question 24

Multiple Choice

Which of the following is not true about a monopsonist?

• A) It can set the wage rate and hire any desired number of workers at that wage.
• B) It is the only buyer of labor in a market.
• C) It usually extracts rents from its monopsony power.
• D) It determines the optimal employment-wage rate combination by equating the marginal revenue product of labor to the marginal cost of labor.

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Definitions:

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