The Return to Monopsony Power Refers to the

Multiple Choice

The return to monopsony power refers to the

A) difference between the marginal revenue product and the wage rate of the last worker hired multiplied by the number of workers employed
B) fact that the marginal cost of labor for a monopsony is lower than the wage rate
C) wage rate minus the marginal revenue product
D) higher marginal revenue product of labor that a worker produces under monopsony
E) fact that a monopsonist can choose both the wage rate and the number of workers hired simultaneously