Under perfect competition marginal resource cost __ supply, under monopsony marginal resource cost _ supply. a. Equals;

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Under perfect competition marginal resource cost ________ supply, under monopsony marginal resource cost _______ supply.

a. Equals; equals

b. Equals; is greater than

c. Equals; is less than

d. Is greater than; is less than.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:46 AM

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Under perfect competition marginal resource cost ________ supply, under monopsony marginal resource cost _______ supply. a. Equals;

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b Equals is greater than Explanation In perfect competition the wage is constant s...View the full answer

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Under perfect competition marginal resource cost __ supply, under monopsony marginal resource cost _ supply. a. Equals;