Appraisal on monopsonistic hospitals

Economics
Tutor: None Selected Time limit: 1 Day

Begin by asserting whether the statements are true or false.

 Appraise this statement: In equilibrium, a monopsonistic hospital will hire fewer nurses at lower wages than would a hospital in a more competitive market, to the detriment of social welfare.

Jul 20th, 2015

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The statement  is true Because a monopsonistic hospital  is a small hospital and the services offered in this hospital are low  so the hospital will prefer to hire fewer nurses at lower wages because this fewer nurse the hospital will manage to pay them  while in a more competitive market  the nurses will demand more because the competition is very high 

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Jul 20th, 2015

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Jul 20th, 2015
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Jul 20th, 2015
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