Which of the following is not true about a monopsonist?
A) It can set the wage rate and hire any desired number of workers at that wage.
B) It is the only buyer of labor in a market.
C) It usually extracts rents from its monopsony power.
D) It determines the optimal employment-wage rate combination by equating the marginal revenue product of labor to the marginal cost of labor.
E) It usually has to bargain with unionized workers.
Correct Answer:
Verified
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