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Refer to the Given Data

Question 85

Multiple Choice

Refer to the given data. If there is neither a union nor a minimum wage, we can conclude that this firm A) purchases labor in a purely competitive labor market. B) is a monopsonist. C) faces a perfectly inelastic labor supply curve. D) has a perfectly elastic labor demand curve. Refer to the given data. If there is neither a union nor a minimum wage, we can conclude that this firm


A) "purchases" labor in a purely competitive labor market.
B) is a monopsonist.
C) faces a perfectly inelastic labor supply curve.
D) has a perfectly elastic labor demand curve.

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