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 a union and the monopsonist in Figure 18.3.1 are equally strong, the outcome will be an hourly wage
A) of $7.
B) between $5 and $6.
C) between $5 and $7.
D) between $6 and $7.
E) of $6
Correct Answer:
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