In a Monopsonistic Input Market, the Firm Buying the Input

Multiple Choice

In a monopsonistic input market, the firm buying the input knows that the price of the input will be determined by:

A) the quantity of output that it produces.
B) the marginal revenue product of the input.
C) the net marginal revenue of the input.
D) the quantity that it purchases.
E) the marginal cost of the input.