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Exhibit 27-10 ​ Refer to Exhibit 27-10. If the Firm in the Exhibit

Question 53

Multiple Choice

Exhibit 27-10 ​
Exhibit 27-10 ​ Refer to Exhibit 27-10. If the firm in the exhibit is a monopsony, it will hire __________ quantity of labor and pay its workers the wage rate of __________. A) Q<sub>2</sub>; W<sub>3</sub> B) Q<sub>2</sub>; W<sub>1</sub> C) Q<sub>1</sub>; W<sub>2</sub> D) Q<sub>1</sub>; W<sub>4</sub>
Refer to Exhibit 27-10. If the firm in the exhibit is a monopsony, it will hire __________ quantity of labor and pay its workers the wage rate of __________.


A) Q2; W3
B) Q2; W1
C) Q1; W2
D) Q1; W4

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