-Refer to the information above.A monopsonist would maximize profit by hiring __________ workers and paying a wage of __________.

Name: -Refer to the information above.A monopsonist would maximize profit by hiring __________ workers and paying a wage of __________.
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A monopsonist maximizes profit by hiring workers where marginal cost of labor equals marginal revenue product. In this scenario, hiring 3 workers at a wage of $6 achieves this balance.

-Refer to the Information Above