Other Things Equal, the Monopsonistic Employer Will Pay a

Multiple Choice

Other things equal, the monopsonistic employer will pay a

A) lower wage rate and hire fewer workers than will a purely competitive employer.
B) higher wage rate but hire fewer workers than will a purely competitive employer.
C) lower wage rate but hire a larger number of workers than will a purely competitive employer.
D) higher wage rate and hire a larger number of workers than will a purely competitive employer.