Unlike a competitive buyer, A) a monopsonist faces an upward-sloping
Unlike a competitive buyer,
A) a monopsonist faces an upward-sloping industry supply curve.
B) a monopsonist pays a different price for each unit purchased.
C) a monopsonist sets marginal value equal to marginal expenditure.
D) a monopsonist pays a price that depends on the number of units purchased.
ANSWER
D
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