Refer to the above graph.Under monopsony in the sale of output and hiring of labor services,the wage rate will be: A) W₁ and Q₁ workers will be hired. B) W₂ and Q₂ workers will be hired. C) W₂ and Q₁ workers will be hired. D) W₃ and Q₁ workers will be hired.

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The Answer of Refer to the above graph.Under monopsony in the sale of output and hiring of labor services,the wage rate will be: A) W₁ and Q₁ workers will be hired. B) W₂ and Q₂ workers will be hired. C) W₂ and Q₁ workers will be hired. D) W₃ and Q₁ workers will be hired.

Refer to the Above Graph