For the Monopsonist,marginal Expenditure Is Greater Than the Wage Rate

question 23

Multiple Choice

For the monopsonist,marginal expenditure is greater than the wage rate because the monopsonist

• A) pays a wage higher than that paid in a competitive market.
• B) chooses the perfectly competitive quantity of labor.
• C) must increase the wage to all units of labor to attract more units of labor.
• D) must take the wage as given by the market.

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