Multiple Choice
Use the figure below to answer the following questions. Figure 17.3.1
-Refer to Figure 17.3.1.This figure shows the value of marginal product of labour curve,the labour supply curve,and the marginal cost of labour curve.If this labour market is controlled by a monopsony,the wage rate is
A) $13 an hour.
B) $12.50 an hour.
C) $12 an hour.
D) $11 an hour.
E) zero,because the market would shut down.
Correct Answer:

Verified
Correct Answer:
Verified
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