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The following is true about monopsony employer. Group of answer choices Monopsony employer will pay lower wages and hire lower quantity of labor. Monopsony employer

The following is true about monopsony employer. Group of answer choices Monopsony employer will pay lower wages and hire lower quantity of labor. Monopsony employer will pay lower wages and hire higher quantity of labor. Monopsony employer will pay higher wages and hire lower quantity of labor. Monopsony employer will pay higher wages and hire higher quantity of labor

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