(Solved): Consider the graph below. When we compare the monopsonist to the competitive market, what effect do ...

Consider the graph below. When we compare the monopsonist to the competitive market, what effect does a monopsonist have on the quantity supplied, and by how much does it change? The monopsonist quantity supplied is higher than the competitive market quantity supplied. It rises by $$Q_M$$. The monopsonist quantity supplied is higher than the competitive market quantity supplied. It rises by $$Q_E?Q_M$$. The monopsonist quantity supplied is lower than the competitive market quantity supplied. It falls by $$Q_M$$. The monopsonist quantity supplied is lower than the competitive market quantity supplied. It falls by $$Q_E?Q_M$$.