e term for a sole employer in nominion ammurity competitor. eral monopolist onop

Question

e term for a sole employer in nominion ammurity competitor. eral monopolist onopsonist pays a wage rate that is: ess than the MRP of labor equal to equal to the MRP of labor reater than the MRP of labor. 27 A I the firm's marginal resource (labor) cost. D. B MRC Wa 0 Quantity of labor 28. If the above diagram was relevant to an individual firm, we could conclude that the A. a pure competitor in the hire of labor. B. a monopsonist in the hire of labor. C. selling its product in an imperfectly competitive market. D. selling its product in a purely competitive market. 29. Refer to the above diagram. Assuming no union or relevant minimum wage, th A. Q2 workers and pay a W4 wage rate. B. Q2 workers and pay a Wi wage rate. C. Os workers and pay a W2 wage rate D &u; workers and pay a Wi wage rate

Explanation / Answer

27.)

option A : pay less than the MRP

reason:

  

note: ques 28 and 29 are incomplete as the image is not taken clearly .

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