g. After a monopolist decides how much to produce, she prices the output at the highest possible

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g. After a monopolist decides how much to produce, she prices the output at the highest possible level at which all the product can be sold. Similarly, after a monopsonist decides how much to buy, he will pay the lowest possible price that will permit him to buy this quantity. Can you illustrate in your graph the wage w M that our dominant firm will pay workers?

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