In my economics textbook and on the internet it says that in a monopsony controlled market, to employ one extra worker the firm has to increase the wages of all workers. I can't find a reason for this anywhere! Surely the firm can just pay the extra worker the same wage as the others and not raise the wage rate?
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A2 economics question on monopsony buyer watch
- Thread Starter
- 17-02-2016 09:49
- Official Rep
- 19-02-2016 11:03
Sorry you've not had any responses about this.
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