Answer: false
Step-by-step explanation:
A minimum wage in a monopsonistic market will not always guarantee that employment will increase. A monopsonistic market is a labor market in which there is only one buyer of labor, typically a single large employer. In such a market, the employer has market power to determine the wage rate it will pay its workers. Without any intervention, the wage rate in a monopsonistic market will be lower than the competitive wage rate.When a minimum wage is introduced in a monopsonistic market, it increases the wage rate paid to workers. This can lead to an increase in employment if the minimum wage is set below the market-clearing wage rate, meaning that there is excess demand for labor. In this case, the minimum wage would raise the wage rate and increase employment. However, if the minimum wage is set above the market-clearing wage rate, the employer will face higher labor costs and may choose to reduce employment.