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AP® Microeconomics

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Moderate

Factor Markets: Monopsony Supply

APMICR-JBSGBX

Which of the following is true in a monopsonistic labor market?

A

The supply curve is above the MRC curve.

B

The supply curve is below the MRC curve.

C

The supply curve is perfectly elastic.

D

The supply curve is perfectly inelastic.

E

The supply curve is equal to MRC.