The figure below compares labor market outcomes of perfect competition and monopsony. Based on the figure match the right with the left correctly: MCL Market SL W1 W2 DL L2 L1 LABOR (L) workers hired under monopsony [ Choose ] workers hired under perfect competition ( Choose ] wage rate under monopsony [ Choose ] wage rate under perfect competition [ Choose ) competitive markets operate where [ Choose ) monopsony operates where [ Choose ) > >> > > > WAGE (W)

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