The Following Figure Represents the Equilibrium in the Labor Markets

The following figure represents the equilibrium in the labor markets. Figure 28.4 In the figure,
MFC: Marginal Factor Cost curve
D: Demand or the Marginal Revenue Product curve
S: Supply curve
Refer to Figure 28.4.A monopsonist will pay the wage rate _____ and hire _____ units of labor.

A) W₂;Q₂
B) W₁;Q₂
C) W₃;Q₁
D) W₁;Q₃
E) W₁;Q₁