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MrsAngelD MrsAngelD
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6 years ago
Relative to a competitive labor market, monopsony
A) is also efficient.
B) creates a deadweight loss because it pays an excessive wage.
C) creates a deadweight loss because the wage is below the marginal revenue product of labor.
D) creates a deadweight loss because the wage is above the marginal revenue product of labor.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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SaHiN22SaHiN22
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#1
Posts: 246
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6 years ago
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MrsAngelD Author
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6 years ago
Thanks
halyna
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Yesterday
Correct Slight Smile TY
Natalie Price
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2 hours ago
Thanks for your help!!
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