Explain the distinction between a competing business and a monopsonist in terms of pay determination. And use a well-labeled diagram to illustrate it (20mks)

Explain the long-term effects of employer discrimination dependent on taste.(10mks)

Explain how prejudice based on employer taste affects the firm's makeup(.10)

Hours employed would fall if consumption and recreation are considered normal commodities.Explain whether the statement is valid and deeply verify the your take.