Compared to a Competitive Labor Market,in a Monopsony Labor Market

question 30

Multiple Choice

Compared to a competitive labor market,in a monopsony labor market:

• A)the level of employment is lower but the wage rate is the same.
• B)the level of employment and the wage rate are both lower.
• C)the level of employment is the same but the wage rate is lower.
• D)the level of employment and the wage rate are both higher.

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