Compare how a Monopsony determines the profit-maximizing quantity of labor and wage rate to how a Monopoly determines the profit-maximizing production quantity and product price. Match the steps in the process for the Monopsony in the right column to the steps determining the profit-maximizing quantity and price for Monopoly given in the left column. Group of answer choices identify Marginal Revenue curve inside the demand curve identify Marginal Cost curve find where MR = MC determine profit-maximizing production quantity determine product price from the demand curve