Other things equal, the monopsonistic employer will pay a:
A. lower wage rate and hire fewer workers than will a purely competitive employer.
B. higher wage rate but hire fewer workers than will a purely competitive employer.
C. lower wage rate but hire a larger number of workers than will a purely competitive
employer.
D. higher wage rate and hire a larger number of workers than will a purely competitive
employer.
Answer: A
Economics
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The natural rate of unemployment worsens if:
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