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Please answer and explain the attached Which of the following is true of a monopsony in a labor market? 1 point At its optimal level

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Which of the following is true of a monopsony in a labor market? 1 point At its optimal level of employment, it pays a wage rate higher than the competitive market wage rate. O It faces a labor supply curve that is horizontal at the competitive market equilibrium wage. The imposition of a minimum wage results in a larger reduction in employment than is true in a competitive market. Its marginal factor (resource) cost curve lies above the labor supply curve because hiring an extra worker means paying more to existing workers. O Its marginal factor (resource) cost is the same as the market supply curve

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