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Wage ($) 4 MFC for Firm S Labor WE MRP for Firm ~ D, Labor - - - - - . X QM QE Quantity

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Wage ($) 4 MFC for Firm S Labor WE MRP for Firm ~ D, Labor - - - - - . X QM QE Quantity of LaborContinuum of Market Structures The monopsonist quantity supplied is higher than the competitive market quantity supplied. It rises by QM. The monopsonist quantity supplied is lower than the competitive market O quantity supplied. It falls by QM. The monopsonist quantity supplied is lower than the competitive market O quantity supplied. It falls by QE - QM. O The monopsonist quantity supplied is higher than the competitive market quantity supplied. It rises by QE - QM

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