How do monopsony and monopoly differ in their effects on market outcomes?

Monopsony leads to higher wages and lower employment, while monopoly leads to lower prices and lower quantity.

Monopsony leads to lower wages and higher employment, while monopoly leads to higher prices and higher quantity.

Monopsony leads to lower wages and employment, while monopoly leads to higher prices and lower quantity.

Monopsony leads to higher wages and employment, while monopoly leads to lower prices and higher quantity.