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A Monopsony Has a Marginal Revenue Product Curve of MRPL

Question 73

Multiple Choice

A monopsony has a marginal revenue product curve of MRPL = 100 - l and faces a labor supply curve of W = 1.5l. How many workers will the price taker hire?


A) 100
B) 50
C) 25
D) 40

Correct Answer:

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