Solved

A Pretzel-Stand Owner in Chicago Hires Workers to Make Hot

Question 487

Multiple Choice

A pretzel-stand owner in Chicago hires workers to make hot pretzels and sell them to customers. If the firm is competitive in both the market for pretzels and in the market for pretzel-makers, then it has


A) some control over both the price of pretzels and the wage it pays to its workers.
B) no control over the price of pretzels but some control over the wage it pays to its workers.
C) some control over the price of pretzels but no control over the wage it pays to its workers.
D) no control over either the price of pretzels or the wage it pays to its workers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents