-Consider the monopsony in the above figure. The monopsony will hire ________ hours per week.

Name: -Consider the monopsony in the above figure. The monopsony will hire ________ hours per week.
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The monopsony will hire 200 hours per week because that is the quantity of labor that equates marginal revenue product (MRP) with the wage rate.

-Consider the Monopsony in the Above Figure