All other things unchanged, a monopsonistic firm, as compared with the situation where the monopsony firm was broken up into a large number of firms buying inputs in a perfectly competitive factor market, pays a:

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In a monopsony, where there is only one buyer (employer) in the market, the firm has market power and can set wages lower than in a competitive market. Because it sets wages lower, it also hires less labor than would be hired in a competitive market, where wages would be higher and more attractive to potential employees.

All Other Things Unchanged, a Monopsonistic Firm, as Compared with the Situation