Assuming identical marginal revenue product curves and all other things unchanged, the price of a factor in a monopolistic factor market is:
A) less than the price of a factor in an otherwise perfectly competitive factor market.
B) equal to the price of a factor in an otherwise perfectly competitive factor market.
C) greater than the price of a factor in an otherwise monopsonistic factor market.
D) less than the price of a factor in an otherwise monopsonistic factor market.
Correct Answer:
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