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A Monopsonist Can Pick the ____, While a Monopolist Can

Question 158

Multiple Choice

A monopsonist can pick the ____, while a monopolist can pick ____.


A) the price it will charge; the wage it will pay
B) the wage it will pay; the price it will charge
C) the market price for its output; the quantity it will produce
D) marginal product of labor; the marginal cost of labor
E) number of competitors; the number of buyers

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