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Llanis Llanis
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6 years ago
Firm A is a monopsonist that faces a labor supply elasticity of 2.4 whereas Firm B is a monopsonist that faces a labor supply elasticity of 1.4. Which of these monopsonists has a higher markup over wage?
A) Firm A
B) Firm B
C) They both pay the same.
D) It is impossible to tell which pays a higher wage.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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ChronosChronos
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#1
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6 years ago
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Llanis Author
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6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
riptide
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Helped a lot
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