The supply curve that monopsonists face is different from the supply curves that firms in competitive labor markets face because with a monopsony,
a. many more workers are hired to produce the larger amount of output
b. the supply curve of labor is relatively flat
c. offering a wage lower than the market wage means having no workers
d. the employer faces the market supply curve of labor
e. the firm takes the market wage rate as given
D
Economics
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