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wiliam789 wiliam789
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Posts: 308
5 years ago
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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 37 times
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Olivia f.Olivia f.
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Posts: 205
5 years ago
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wiliam789 Author
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5 years ago
Upwards Arrow Correct again
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