A monopsonist has a rising mrc curve why it pays a wage, Business Economics

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A monopsonist has a rising mrc curve why it pays a wage

A monopsonist has a rising MRC curve. Why? It pays a wage lower than the competitive wage. Why?

A union and a monopsonist comprise a bilateral monopoly. Why would a worker prefer to be in a union in such a situation? (Think about your answer to Q4 above).

Why might firms voluntarily pay a wage greater than the competitive (market clearing) wage?

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Business Economics: A monopsonist has a rising mrc curve why it pays a wage

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Business Economics: A monopsonist has a rising mrc curve why it pays a wage

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