Multiple Choice
If a firm buys some labor in a competitive market and some labor as a monopsonist,the firm is most likely to
A) pay the same wage to both types of labor.
B) pay a lower wage to the labor purchased in the competitive market.
C) pay a higher wage to the labor purchased in the competitive market.
D) not exercise any of its monopsony power.
Correct Answer:
Verified
Correct Answer:
Verified
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