Compared to a Purely Competitive Firm, a Monopsonist Will Pay

Multiple Choice

Compared to a purely competitive firm, a monopsonist will pay

A) a higher wage rate to its workers.
B) lower wages but hire more workers than the purely competitive firm.
C) lower wage rates and hire fewer workers than the purely competitive firm.
D) lower wages, while hiring the same quantity of workers as the purely competitive firm.