MRC Wage Rate E F G Employment Refer to the diagram. If this labor market is monopsonistic, the wage rate and level of employment will be Multiple Choice O B and E, respectively. O C and F, respectively. O B and G, respectively. O A and F, respectively. SLO SL1 SL1 SLO Wage Rate Wage Rate - DLO Quantity of Labor 0 Quantity of Labor (A) (B) SL1 SLO SL1 SLO Wage Rate Wage Rate DLi DLO Quantity of Labor 0 Quantity of Labor (C) (D) Refer to the graphs. The formation of an exclusive or craft union, with no change in demand, is depicted by situation Multiple Choice O A O B . O C . O D.MRC 10 Wage Rate ($) N 8 10 Quantity of Labor Refer to the labor market diagram, where D is the labor demand curve, S is the labor supply curve, and MRC is the marginal resource (labor) cost curve. If this were a monopsonistic labor market, the equilibrium wage rate and level of employment would be Multiple Choice O $5 and 3, respectively. O $6 and 4, respectively. O $7 and 5, respectively. O $8 and 3, respectively. MRC 10 00 Wage Rate ($) 2 O 8 10 Quantity of Labor Refer to the labor market diagram, where D is the labor demand curve, S is the labor supply curve, and MRC is the marginal resource (labor) cost curve. If an inclusive union was formed and was able to get the monopsonist to agree to a $7 wage rate, then the monopsonist would Multiple Choice O reduce employment from 5 to 3 workers. O reduce employment from 5 to 2 workers. O increase employment from 3 to 5 workers. O not alter its level of employment