When a Labor Market Is Imperfect Due to Market Power

Multiple Choice

When a labor market is imperfect due to market power by a firm, the result in that market typically is _____ their marginal value.

A) fewer workers hired at a wage below
B) fewer workers hired at a wage above
C) more workers hired than in a competitive market, at a wage below
D) more workers hired than in a competitive market, at a wage above