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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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Applied Statistics For Public And Nonprofit Administration

Applied Statistics For Public And Nonprofit Administration

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