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-(Exhibit: Monopsony) Given Perfect Competition in the Factor Market, the Wage

Question 53

Multiple Choice

-(Exhibit: Monopsony) Given perfect competition in the factor market, the wage would be: A) determined where the MRP < MFC. B) W<sub>2</sub>. C) W<sub>1</sub>. D) MRP<sub>1</sub>.
-(Exhibit: Monopsony) Given perfect competition in the factor market, the wage would be:


A) determined where the MRP < MFC.
B) W2.
C) W1.
D) MRP1.

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