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For the monopsonist, marginal expenditure is greater than the wage rate because the monopsonist a. pays a wage higher than that paid in a competitive

For the monopsonist, marginal expenditure is greater than the wage rate because the monopsonist

a. pays a wage higher than that paid in a competitive market.

b. must take the wage as given by the market.

c. chooses the perfectly competitive quantity of labor.

d. must increase the wage to all units of labor to attract more units of labor.

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