When compared to a monopsony labour market with the same value of marginal product curve and labour supply curve,a perfectly competitive labour market will pay a

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In a monopsony labour market, the employer has market power and can set a lower wage rate than in a perfectly competitive labour market. This results in fewer workers being employed. In a perfectly competitive labour market, the wage rate is determined by the intersection of the supply and demand for labour, resulting in a higher wage rate than in a monopsony. This higher wage rate attracts more workers into the labour market, increasing the amount employed. Therefore, a perfectly competitive labour market will pay a higher wage and employ more workers compared to a monopsony with the same value of marginal product and labour supply curves.

When Compared to a Monopsony Labour Market with the Same