Multiple Choice
Which of the following is not correct?
A) Other things equal, a monopsonist will pay a lower wage rate than will a firm hiring labor competitively.
B) A monopsonistic employer will pay workers a wage rate equal to their MRP.
C) A purely competitive seller will pay workers a wage rate equal to their MRP.
D) An imperfectly competitive seller will employ additional workers as long as the MRP of additional workers exceeds their MRC.
Correct Answer:
Verified
Correct Answer:
Verified
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