Refer to the above graph.A monopsonist will set the wage at: A) W_y. B) W_x. C) W_z. D) Cannot be determined.

Name: Refer to the above graph.A monopsonist will set the wage at: A) W y . B) W x . C) W z . D) Cannot be determined.
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Question

Quizplus · Accepted Answer

A monopsonist will set the wage where the marginal cost curve intersects the supply curve, which is at point z on the graph. Therefore, the wage will be W_z.

Refer to the Above Graph