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monopoly and employment

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Is the following statement true or false and why?: "A monopolist can not hire fewer workers and pay a lower wage than a firm in a competitive labor market".

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https://brainmass.com/economics/employment/concept-monopoly-employment-118867

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False. In a monopoly, there is just one employer in the labor market, there is no ...

Solution Summary

Correlate a monopoly and employment are examined. The monopolists for a firm`s competitive labor market is determined.

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