An employer who is a monopolist in the product market,other things being equal,will probably

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Quizplus · Accepted Answer

A monopolist in the product market has more control over the wage rate and can hire fewer employees to produce the same amount of output at a higher wage rate due to the lack of competition. This is in contrast to a perfect competitor who has more competition in the market and must hire more employees at a lower wage rate to remain competitive. Therefore, a monopolist would hire fewer employees than a perfect competitor would.

An Employer Who Is a Monopolist in the Product Market,other