For a monopsonist, as the number of workers hired increases, the

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In a monopsony, where there is only one buyer (employer) in the labor market, the Marginal Labor Cost (MLC) curve lies above the labor supply curve. As more workers are hired, the wage rate for each additional worker increases because the monopsonist must pay a higher wage to attract more labor. This causes the MLC to diverge further from the labor supply curve, as each additional unit of labor costs more than the previous one.

For a Monopsonist, as the Number of Workers Hired Increases