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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.4
In a monopsony, what would be the most likely outcome if the firm decreases its wage rate below the market equilibrium level?
The firm's costs would decrease.
The quantity of labor demanded would increase.
The quantity of labor supplied would decrease.
The firm's profit would increase.
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AP Microeconomics - 5.4 Monopsony Markets
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Monopsony
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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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