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Firm A is a monopsonist that faces a labor supply elasticity of 2.4 whereas Firm B is a monopsonist that faces a labor supply elasticity of 1.4.Which of these monopsonists has a higher markup over wage?
Natural World
The aspects of the environment and life that are not created or significantly altered by human beings, including flora, fauna, geology, and climate.
Alexis de Tocqueville
A French political thinker and historian best known for his works "Democracy in America" exploring the effects of the rising equality of social conditions.
American Society
The social structure, culture, and community life of the United States.
Individualism
A social theory favoring freedom of action for individuals over collective or state control.
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