A monopsonistic employer will pay a wage rate
A) less than the labor's MRP.
B) greater than the labor's MRP.
C) equal to the labor's MRP.
D) equal to MFC.
A
You might also like to view...
Depletion of tropical rainforests is an example of
a. a negative externality b. the use of variable technology c. adverse selection d. the use of fixed technology e. a clearly defined property right
A decrease in the level of capital inside a nation would cause the:
A. long-run aggregate supply curve to shift to the right. B. long-run aggregate supply curve to shift to the left. C. short-run aggregate supply curve to shift to the right. D. aggregate demand curve to shift to the right.
A pizza is
a. excludable and rival in consumption. b. excludable and nonrival in consumption. c. nonexcludable and rival in consumption. d. nonexcludable and nonrival in consumption.
Because perfectly competitive markets rarely exist in the real world, the model has limited usefulness
a. True. b. False.