When firm J hired its tenth worker,its labour cost rose by $20.For firm J to be classified as a monopsonist,it must be the case that hiring the eleventh worker will

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In a monopsony, the firm is the sole buyer of labor, so hiring additional workers typically increases the wage rate for all workers. Thus, hiring the eleventh worker would increase the total labor cost by more than the marginal cost of the tenth worker, which was $20.

When Firm J Hired Its Tenth Worker,its Labour Cost Rose