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For a Monopsonist in the Labor Market, the Marginal Resource

Question 147

Multiple Choice

For a monopsonist in the labor market, the marginal resource cost of labor is


A) higher than the wage rate or price of labor.
B) less than the wage rate or price of labor.
C) equal to the wage rate or price of labor.
D) inversely related to the wage rate or price of labor.

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