Use the figure below to answer the following questions.
Figure 18.3.1
-Refer to Figure 18.3.1. This figure shows the value of marginal product of labour curve, the labour supply curve, and the marginal cost of labour curve. If this labour market is controlled by a monopsony, then the monopsonist hires
A) zero hours of labour.
B) 50 hours of labour.
C) 75 hours of labour.
D) 100 hours of labour.
E) greater than 100 hours of labour.
Correct Answer:
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