Answer:
The answer is a monopolist will hire fewer workers than if the industry were perfectly competitive.
Explanation:
A monopoly is a concept where a supplier has exclusive possession of a market of a product or a service for which there is no substitute.
It is worthy to note that a monopolist prefers pricing that maximizes profits without necessarily increasing the salary of his staff.
The goal of a monopolist is to maximize profits.
The cost of funding human resource is a recurrent expenditure that he manages to ensure cost effectiveness.
Therefore, other thing being equal, the monopolist will hire fewer workers than if the industry were perfectly competitive.
