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Other Fields Homework Help Economics Topic started by: wiliam789 on Aug 22, 2018



Title: A monopolist hires fewer workers than a perfectly competitive industry, other things being equal, because
Post by: wiliam789 on Aug 22, 2018
A monopolist hires fewer workers than a perfectly competitive industry, other things being equal, because
A) a monopolist has to pay higher wages in order to attract additional workers.
B) the monopolist substitutes more capital for labor when compared to a competitive industry.
C) the monopolist producer has to deal with unions and face higher wages than do competitive industries.
D) the monopolist produces less output than a competitive industry.


Title: A monopolist hires fewer workers than a perfectly competitive industry, other things being equal, because
Post by: Olivia foy on Aug 22, 2018
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Title: A monopolist hires fewer workers than a perfectly competitive industry, other things being equal, because
Post by: wiliam789 on Aug 22, 2018
:arrow_up: Correct again