I have a problem in economics on Monopolistic Exploitation-Demand for Labor. Please help me in the following question. The monopolistic exploitation is exercised if the employment equilibrium for a firm involves: (i) MRP > MFC. (ii) Paying the workers less than national average wage. (iii) VMP > MRP = MFC = w and P > MC. (iv) VMP = MRP = MFC > w.
Select the most correct option from above.