Problem
1. Describe the hiring decision of a perfectly discriminating mon-opsonist and of a non-discriminating mon-opsonist. In what sense do mon-opsonists "exploit" workers?
2. Show how the imposition of a minimum wage on a monopsony can increase both wages and employment.
3. Describe the hiring decision of a monopolist.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.