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If the Labor Supply Curve Faced by a Monopsony Is

Question 45

Multiple Choice

If the labor supply curve faced by a monopsony is given by l = -800 + 50W, then the correct marginal expenditure curve will be:

A) l = -800 + 100W.
B) W = 16 - 0.02l.
C) l = -800 + 25W.
D) W = 16 - 0.04l.

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