Suppose That Monopsony Behavior Results from the Increased Monitoring Costs

question 45

Multiple Choice

Suppose that monopsony behavior results from the increased monitoring costs at large firms.A higher minimum wage would ________ the marginal expense of hiring labor but only if the workers are ________ afraid of losing their jobs and thus need less supervision.

• A) rise; more
• B) raise; less
• C) lower; more
• D) lower; less

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