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Supply (of labor) 0 (WWW) Individual Firm The rm above: is a monopsonist in the hiring of labor is a wage taker must pay a

Supply (of labor) 0 (WWW) Individual Firm The rm above: is a monopsonist in the hiring of labor is a wage taker must pay a higher marginal factor cost for each successive worker must be selling its product in an imperfectly competitive market

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