Other things equal, the monopsonistic employer will pay a

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A monopsonistic employer has market power as the only buyer of labor in a particular market. This allows them to pay a lower wage rate than a perfectly competitive employer would, and to hire fewer workers. This is because monopsonistic employers face an upward-sloping labor supply curve, where they must increase wages to attract additional workers. Therefore, the monopsonistic employer pays a lower wage rate and hires fewer workers than a purely competitive employer.

Other Things Equal, the Monopsonistic Employer Will Pay a