In a monopsony labor market, which of the following labor market policies would most likely improve wage conditions for workers?

In a monopsony labor market, there is only one major employer who has significant control over wages and hiring. This means that workers have fewer options for employment, leading to lower wages than they might earn in a more competitive market. To improve wage conditions for workers, implementing a minimum wage law can be effective. For example, if the government sets a minimum wage above the current wage offered by the monopsonist, this forces the employer to pay more, benefiting workers. By increasing the minimum wage, workers can earn a fairer income, which helps them meet their needs better while also encouraging the employer to hire more workers.