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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.4
In a monopsony, why is the marginal resource cost (MRC) greater than the supply of labor?
Due to the presence of multiple buyers in the market.
Due to the law of diminishing marginal returns.
Due to the inability to wage discriminate.
Due to the firm's control over the labor market.
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AP Microeconomics - 5.4 Monopsony Markets
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Marginal Resource Cost (MRC)
Monopsony
Supply of labor
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