Under monopsony, marginal factor cost

Question

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Under monopsony, the employer has significant market power in hiring, leading to a situation where the marginal factor cost (the additional cost of hiring one more worker) is greater than the wage rate paid to the previous worker. This is because to attract one more worker, the monopsonist often has to raise the wage not just for the marginal worker but for all workers, hence increasing the overall cost more than the wage rate of the newly hired worker.

Under Monopsony, Marginal Factor Cost