Refer to the Above Graph

question 97

Multiple Choice

Refer to the above graph.Comparing monopsony with pure competition in the sale of output and hiring of labor services,the difference in the wage rate will be:

• A) W₀ - W₁.
• B) W₁ - W₂.
• C) W₂ - W₃.
• D) W₁ - W₃.

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