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If We Compare the Wage Rate and the Level of Employment

Question 47

Multiple Choice

If we compare the wage rate and the level of employment achieved in a competitive labour market with those in a monopsonistic labour market,the latter will generate


A) a lower level of employment and a higher wage rate.
B) a higher level of employment and a lower wage.
C) a higher level of employment and a higher wage rate.
D) a lower level of employment and a lower wage.
E) the same outcomes as in a competitive labour market.

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