What happens if a minimum wage is imposed in a monopsony labor market? Choose 1 answer: Choose 1 answer: (Choice A) The labor supply curve becomes vertical at the amount of labor hired in a competitive market. A The labor supply curve becomes vertical at the amount of labor hired in a competitive market. (Choice B) The demand for labor becomes vertical. B The demand for labor becomes vertical. (Choice C) The marginal factor cost becomes horizontal at the minimum wage until it hits the labor supply curve. C The marginal factor cost becomes horizontal at the minimum wage until it hits the labor supply curve. (Choice D) The demand for labor becomes horizontal. D The demand for labor becomes horizontal. (Choice E) The marginal factor cost curve is less than the labor supply curve. E The marginal factor cost curve is less than the labor supply curve