A monopsony must face the market supply of labor schedule because it is the only employer in the market.

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A monopsony is a market structure in which there is only one buyer of a particular good or service. In the case of a labor market, a monopsony is the only employer in the market. Therefore, the monopsony has to face the market supply of labor schedule, as it represents the only source of available workers in the market. If the monopsony sets a wage rate below the market equilibrium level, it can exert its market power and hire workers at a lower cost than it would be in a competitive labor market. However, if the wage rate is too low, it may result in a shortage of workers and could lead to inefficiencies and lower productivity.

A Monopsony Must Face the Market Supply of Labor Schedule