Multiple Choice
A monopsonistic employer in an unorganized (nonunion) labor market will
A) pay a wage rate less than labor's MRP.
B) pay the same wage rate but hire fewer workers than if the market was purely competitive.
C) hire the number of workers indicated by the intersection of the MRC and the labor supply curves.
D) pay a wage rate in excess of labor's MRP.
Correct Answer:
Verified
Correct Answer:
Verified
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