-Refer to the above figure. The monopsonistic exploitation is

Name: -Refer to the above figure. The monopsonistic exploitation is
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The monopsonistic exploitation is the difference between the wage rate that would prevail under perfect competition and the wage rate that actually prevails under monopsony. In this case, the wage rate that would prevail under perfect competition is W5, and the wage rate that actually prevails under monopsony is W2. Therefore, the monopsonistic exploitation is W2 - W5.

-Refer to the Above Figure