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Answer the Next Three Questions Based Upon the Following Diagram

Question 47

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Answer the next three questions based upon the following diagram of monopsony in the labor market.
Answer the next three questions based upon the following diagram of monopsony in the labor market. -Assume an inclusive union is able to completely counter the market power of the monopsonist. What will be the result? A) employ Q<sub>M </sub>workers at a wage of W<sub>M</sub> B) employ Q<sub>C </sub>workers at a wage of W<sub>C</sub> C) employ Q<sub>M </sub>workers at a wage of W<sub>U</sub> D) employ Q<sub>Z</sub> workers at a wage of W<sub>M</sub>
-Assume an inclusive union is able to completely counter the market power of the monopsonist. What will be the result?


A) employ QM workers at a wage of WM
B) employ QC workers at a wage of WC
C) employ QM workers at a wage of WU
D) employ QZ workers at a wage of WM

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