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A large factory in a small town operates as a monopsony employer. Monopsonists use market power to drive down wages below the marginal value of
A large factory in a small town operates as a monopsony employer. Monopsonists use market power to drive down wages below the marginal value of the worker. We would expect the difference between wage and worker's marginal value to be largest when
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
