Question: Question 1 9 1 pts How does a monopsonist determine the wage rate? By setting the wage where the supply curve and demand curve intersect.
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pts
How does a monopsonist determine the wage rate?
By setting the wage where the supply curve and demand curve intersect.
By taking the market wage as given.
By setting the wage where the marginal revenue product of labor equals the marginal cost onabor.
By setting the wage equal to the marginal cost of labor.
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