A monopsonist:
A) faces a downward-sloping demand curve and by lowering the quantity he sells, he can charge more.
B) faces a horizontal demand curve and by raising price, he will lose all of his consumers.
C) faces an upward-sloping supply curve and by lowering the quantity he buys, he can pay less.
D) faces a downward-sloping supply curve and by increasing the quantity he buys, he can pay less.
Correct Answer:
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