Multiple Choice
Compared to a competitive labor market,in a monopsony labor market:
A) the level of employment is lower but the wage rate is the same.
B) the level of employment and the wage rate are both lower.
C) the level of employment is the same but the wage rate is lower.
D) the level of employment and the wage rate are both higher.
Correct Answer:
Verified
Correct Answer:
Verified
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