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Suppose the Market for Nursing Services in a Local Community

Question 15

Multiple Choice

Suppose the market for nursing services in a local community is so dominated by a singly community hospital that for all practical purposes it is considered a monopsony.Using the diagram below
Suppose the market for nursing services in a local community is so dominated by a singly community hospital that for all practical purposes it is considered a monopsony.Using the diagram below -What is the equilibrium wage and level of employment under monopsony? A) W<sub>1</sub> and E<sub>1</sub>. B) W<sub>2</sub> and E<sub>0</sub>. C) W<sub>0</sub> and E<sub>0</sub>. D) W<sub>0</sub> and E<sub>1</sub>. E) W<sub>0</sub> and E<sub>2</sub>.
-What is the equilibrium wage and level of employment under monopsony?


A) W1 and E1.
B) W2 and E0.
C) W0 and E0.
D) W0 and E1.
E) W0 and E2.

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