Question: Consider the graph below. Compared to the competitive market equilibrium, what effect does a monopsonist have on the wage and quantity of labor supplied? a.)

Consider the graph below. Compared to the competitive market equilibrium, what effect does a monopsonist have on the wage and quantity of labor supplied? a.) The wage rises, and the quantity supplied rises. b.) The wage falls, and the quantity supplied falls. c.) The wage rises, and the quantity supplied falls. d.) The wage falls, and the quantity supplied rises

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