The workers in Market 1 and Market 2 are equally qualified;they can easily move between industries.
-Refer to the diagrams above.In the absence of a labour union in either labour market,the equilibrium wage is W with _____ workers employed in market 1 and ______ workers employed in market 2.

Question

Quizplus · Accepted Answer

In the absence of a labor union, the equilibrium wage is W, and the number of workers employed in market 1 is L1, while in market 2, it is L2.

The Workers in Market 1 and Market 2 Are Equally