In order to hire additional laborers, a monopsony must A. do nothing. B. advertise for the labor. C. raise the wage rate. D. lower the supply of labor.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section: Chapter Questions
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In order to hire additional laborers, a monopsony must

A. do nothing.

B. advertise for the labor.

C. raise the wage rate.

D. lower the supply of labor.

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