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Author Question: Compared to a monopsony, a perfectly competitive labor market results in a A) higher wage rate ... (Read 181 times)

FButt

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  • Posts: 519
on: Jun 29, 2018
Compared to a monopsony, a perfectly competitive labor market results in a
 
  A) higher wage rate and more workers hired.
  B) higher wage rate and fewer workers hired.
  C) lower wage rate and more workers hired.
  D) lower wage rate and fewer workers hired.

Question 2

Based on the data in the above table, to assure that the efficient amount is produced the government can
 
  A) subsidize the suppliers 8 per unit.
  B) subsidize the suppliers 2 per unit.
  C) tax suppliers 2 per unit.
  D) tax suppliers 8 per unit.


srodz

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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