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If You Know the Price of a Monopsonist's Output and the Marginal

Question 85

Multiple Choice

If you know the price of a monopsonist's output and the marginal physical product of labor, what else do you need to know in order to calculate the return to monopsony power?


A) d and e
B) c, d, and e
C) marginal labor cost
D) wage rate
E) number of workers

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