Which of the following does not describe a perfectly discriminating monopsonist?
A) The firm hires different workers at different wages.
B) The firm hires workers to the point where the labor supply curve intersects the firm's labor demand curve.
C) The firm's marginal cost of labor equals the labor supply curve faced by the firm.
D) The firm uses fewer hours of labor than it would if it were in a competitive market.
E) The wage-labor outcome is efficient.
Correct Answer:
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