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PLABOR
МIC
$7.00
-S
$5.25
$4.50
MVP
QLABOR
1000
1500
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Transcribed Image Text:PLABOR МIC $7.00 -S $5.25 $4.50 MVP QLABOR 1000 1500
What is the equilibrium quantity of input used and what is the price paid per unit under the condition of
monopsony?
a. QLabor 1000
b. QLabor 1000
c. QLabor 1500
d. can't tell; insufficient information
PLabor $4.50
PLabor $7.00
PLabor $5.25
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Transcribed Image Text:What is the equilibrium quantity of input used and what is the price paid per unit under the condition of monopsony? a. QLabor 1000 b. QLabor 1000 c. QLabor 1500 d. can't tell; insufficient information PLabor $4.50 PLabor $7.00 PLabor $5.25
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