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Use the figure to answer the question. NASA has monopsony power in the factor market for astronauts. Because it is difficult for astronauts to work
Use the figure to answer the question. NASA has monopsony power in the factor market for astronauts. Because it is difficult for astronauts to work for space programs in foreign countries (for the astronauts and their families, this entails moving cost, language barriers, distance from friends and family, security clearance, and more), we will treat NASA as a pure monopsonist.
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