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A firm with monopsony power in the labor market _____. A. pays a wage greater than the value of the marginal product of labor B.
A firm with monopsony power in the labor market _____.
A. pays a wage greater than the value of the marginal product of labor
B. pays a wage equal to the value of the marginal product of labor
C. takes the supply curve of labor to the firm as given
D. takes the wage as given
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