Which of the following statements is true?
a. A monoposony is the only employer of a factor of production.
b. A monoposony will pay workers a higher wage and employ fewer workers than a competitive labor market.
c. A monoposony has a marginal factor cost curve which lies below its supply curve of labor.
d. Unions are becoming a greater influence in American labor markets.
e. All of the above.
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