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Describe the hiring decision of a perfectly discriminating monopsonist and of a non-discriminating monopsonist In what sense do monopsonists exploit workers Show how

1. Describe the hiring decision of a perfectly discriminating mon-opsonist and of a non-discriminating mon-opsonist. In what sense do mon-opsonists "exploit" workers?

2. Show how the imposition of a minimum wage on a monopsony can increase both wages and employment.

3. Describe the hiring decision of a monopolist.

May 11 2020 View more View Less

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