In order to hire additional laborers, a monopsony must A. do nothing. B. advertise for the labor. C. raise the wage rate. D. lower the supply of labor.
In order to hire additional laborers, a monopsony must A. do nothing. B. advertise for the labor. C. raise the wage rate. D. lower the supply of labor.
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section: Chapter Questions
Problem 6QP
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Question
In order to hire additional laborers, a monopsony must
A. do nothing.
B. advertise for the labor.
C. raise the wage rate.
D. lower the supply of labor.
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