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-If There Is a Monopsony Operating in the Labor Market

Question 53

Multiple Choice

-If there is a monopsony operating in the labor market illustrated in the figure above, the equilibrium wage and quantity of labor hired is A) $15 and 50 hours. B) $10 and 100 hours. C) $10 and 50 hours. D) $5 and 50 hours.
-If there is a monopsony operating in the labor market illustrated in the figure above, the equilibrium wage and quantity of labor hired is


A) $15 and 50 hours.
B) $10 and 100 hours.
C) $10 and 50 hours.
D) $5 and 50 hours.

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