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The main difference between a monopsonist and a competitive buyer of labor is that

pocaralho

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6 years ago

The main difference between a monopsonist and a competitive buyer of labor is that

The main difference between a monopsonist and a competitive buyer of labor is that
A) the competitor can hire as many workers as it wants at the going wage while a monopsonist can force wages down when hiring additional workers.
B) the competitor can hire as many workers as it wants at the going wage while a monopsonist must raise wages to hire additional workers.
C) the competitor is a small firm while the monopsonist is a large firm.
D) the competitor is also a competitor in product markets while the monopsonist is also a monopoly in product markets.

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Economics Today: The Micro View

Edition: 19^th

Author: Miller

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africa143

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More solutions for this book are available here

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pocaralho Author

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6 years ago

Thanks

hannahspillett

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Brilliant ツ

Holly72492

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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