When Compared to a Monopsony Labour Market with the Same

question 121

Multiple Choice

When compared to a monopsony labour market with the same value of marginal product curve and labour supply curve,a perfectly competitive labour market will pay a

• A)lower wage and employ fewer workers.
• B)lower wage and employ more workers.
• C)higher wage and employ fewer workers.
• D)higher wage and employ more workers.
• E)higher wage and employ the same amount of workers.