Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its workers, the:
A) marginal factor cost will fall while the wage will rise.
B) wage will fall while the marginal factor cost will rise.
C) difference between the wage and marginal factor cost will become smaller.
D) difference between the wage and the labor supply curve will increase.
E) wage and the marginal factor cost will increase.
Correct Answer:
Verified
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