Determine the low wages that occur in the competitive market

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Hospital administrators sometimes complain about a "shortage" of nurses. The shortage is the result of a higher wages that occur in the competitive market and could be eliminated if nurses earn wages closer to their MRC. b low wages that occur in the competitive market and could be eliminated if nurses earn wages closer to their MRC. c low wages that occur in the monopsonized market and could be eliminated if nurses earn wages closer to their MRP. d higher wages that occur in the monopsonized market and could be eliminated if nurses earn wages closer to their MRP.

Reference no: EM13213887

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