A monopsonistic employer has a perfectly elastic labor supply curve. is necessarily a monopolist in the product market. faces a marginal resource (labor) cost that is greater than the wage rate. faces a marginal resource (labor) cost that is less than the wage rate. Labor unions may attempt to raise wage rates by increasing the supply of labor. restricting supply. decreasing the demand for labor. increasing the price of complementary resources. Individuals with more human capital and the ability to signal would have generally higher wages. generally lower wages. no impact on wages. costs that exceed benefits. A job that has an inherent amount of risk will shift demand to the left. shift supply to the left. shift demand to the right. shift supply to the right