In a bilateral monopoly, the wage rate is likely to be ________ ...

[kodithompson]

In a bilateral monopoly, the wage rate is likely to be ________ than the value of marginal product of labor and ________ than in a pure monopsony.
 
  A) lower; lower
  B) lower; higher
  C) higher; lower
  D) higher; higher

Question 2

In the figure above, a single-price unregulated monopoly sets a price equal to
 
  A) a.
  B) b.
  C) c.
  D) d.

[cuttiesgirl16]

Answer to Question 1

B

Answer to Question 2

B

[kodithompson]

Wow, this really help

[LVPMS]

Thanks for the timely response, appreciate it