Economics · Microeconomics
Assertion (A): A monopsonist employs less labor and pays a lower wage than a competitive labor market. Reason (R): Marginal factor cost exceeds the wage rate faced by the monopsonist.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both A and R are true and R explains A✓
- 2Both A and R are true but R does not explain A
- 3A is true but R is false
- 4A is false but R is true
Correct answer
Both A and R are true and R explains A
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Microeconomics MCQs →Want more practice questions on Microeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Microeconomics