Relative to a Competitive Labor Market,monopsony

question 41

Multiple Choice

Relative to a competitive labor market,monopsony

• A) is also efficient.
• B) creates a deadweight loss because it pays an excessive wage.
• C) creates a deadweight loss because the wage is below the marginal revenue product of labor.
• D) creates a deadweight loss because the wage is above the marginal revenue product of labor.

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