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When Its Workers Have Unionized, the Monopsonist Hires Labor Until

Question 24

Multiple Choice

When its workers have unionized, the monopsonist hires labor until the marginal revenue product is


A) greater than the marginal labor cost
B) equal to the marginal labor cost
C) less than the marginal labor cost
D) equal to the union dues plus the wage
E) high enough to generate a return to monopsony power

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