Business, 19.12.2019 22:31, glowbaby123

Compared to perfectly competitive input markets, a monopsony, such as the lumber mill in oregon,
a. creates deadweight loss by paying higher wages.
b. is more economically efficient because it pays lower wages.
c. creates deadweight loss by producing at lower average cost.
d. is more economically efficient because it earns higher profits.
e. creates deadweight loss by hiring fewer workers.

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Compared to perfectly competitive input markets, a monopsony, such as the lumber mill in oregon,