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Title: The labor market in Major League Baseball features Post by: temp321 on Oct 10, 2019 Question 1. Compared to a competitive market, a firm that has a monopsony in a labor market would ▸ hire more workers and pay lower wages. ▸ hire fewer workers and pay lower wages. ▸ hire more workers and pay higher wages. ▸ hire fewer workers and pay higher wages. Question 2. The labor market in Major League Baseball features ▸ an oligopoly by the League in employing professional baseball players that is offset by an oligopsony by the players in the labor market. ▸ a monopsony by the League in employing professional baseball players that is offset by the players' membership in a labor union. ▸ monopolistic competition between the teams and professional baseball players. ▸ a monopoly by the League in employing professional baseball players that is offset by the players' membership in a labor union. Title: The labor market in Major League Baseball features Post by: jeromet1 on Oct 10, 2019 Content hidden
Title: The labor market in Major League Baseball features Post by: temp321 on Oct 10, 2019 I appreciate what you did here, answered it correctly :D
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