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The Loss of Economic Surplus That Results from Monopsony Is

Question 50

Multiple Choice

The loss of economic surplus that results from monopsony is that it


A) ignores the concerns of workers.
B) produces too much output.
C) frequently produces goods with negative externalities.
D) hires too few workers and therefore produces too little output.
E) hires too few workers but still produces the efficient level of output.

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