Which of the following is a characteristic of monopsony?
A) The type of labour employed is relatively mobile.
B) The supply curve for labour lies above the marginal resource cost curve.
C) The wage rate it must pay workers varies directly with the number of workers it employs.
D) The firm's employment is a small portion of the total employment of that type of labour.
E) The wage rate it must pay workers is constant.
Correct Answer:
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