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A Monopsony Maximizes Its Profit by Hiring the Level of Employment

Question 152

Multiple Choice

A monopsony maximizes its profit by hiring the level of employment that sets


A) labor supply equal to labor demand.
B) the value of marginal product equal to the wage.
C) the value of marginal product equal to the marginal cost of labor.
D) the value of marginal product equal to the demand for labor.

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