Which of the following is not true about a monopsonist in a unionized labor market?
A) It can set the wage rate and hire any desired number of workers at that rate.
B) It is the only buyer of labor in a market.
C) It tries to extract returns to monopsony power.
D) It determines the optimal employment-wage rate combination by equating the marginal revenue product of labor to the marginal cost of labor.
E) It must bargain in good faith with the union.
Correct Answer:
Verified
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