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Answer the Next Three Questions Based Upon the Following Diagram

Question 48

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Answer the next three questions based upon the following diagram of monopsony in the labor market.
Answer the next three questions based upon the following diagram of monopsony in the labor market. -Suppose the market power of the monopsonist and the industrial union are symmetrical, cancelling one another's wage-making power and delivering allocative efficiency. The result is represented by: A) employ Q<sub>M </sub>workers at a wage of W<sub>M</sub> B) employ Q<sub>C </sub>workers at a wage of W<sub>C</sub> C) employ Q<sub>M</sub><sub> </sub>workers at a wage of W<sub>U</sub> D) employ Q<sub>Z</sub> workers at a wage of W<sub>M</sub>
-Suppose the market power of the monopsonist and the industrial union are symmetrical, cancelling one another's wage-making power and delivering allocative efficiency. The result is represented by:


A) employ QM workers at a wage of WM
B) employ QC workers at a wage of WC
C) employ QM workers at a wage of WU
D) employ QZ workers at a wage of WM

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