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.

---

Definitions:

Bending

The action or process of physically deforming a material, object, or part of the body by applying force.

Lateral Edge

The edge that runs along the side of an object or structure.

Eyeball

The spherical part of the eye that contains the optic nerve, retina, and lens, responsible for vision.

Tears

A saline solution produced by the lacrimal glands in the eye, primarily used to lubricate the eyes and remove irritants.