For a monopsonist
a. wage rate > TLC
b. wage rate > MLC
c. wage rate = MLC
d. wage rate = MRP
e. wage rate < MLC
E
Economics
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There are no indisputable principles of tax equity
a. True b. False
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A firm might choose to produce its own inputs if:
A. specialized investment is not important. B. spot markets for the input exist. C. the exchange environment is not complex. D. long-term contracts are costly to write.
Economics