Question: A strong labor union which finds itself bargaining with an employer that has monopsony power will: attempt to negotiate a reduced wage rate. negotiate a

A strong labor union which finds itself bargaining with an employer that has monopsony power will:

attempt to negotiate a reduced wage rate.

negotiate a wage rate that will in effect cause the employer to face a downward sloping marginal factor cost curve.

negotiate a wage that is higher than what would be paid in a competitive market and the firm will also hire more labor than it would otherwise hire.

none of the above.

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