In a perfectly competitive labor market, the equilibrium wage in the industry:

Name: In a perfectly competitive labor market, the equilibrium wage in the industry:
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In a perfectly competitive labor market, all firms hiring in that market have access to the same pool of workers and face the same wage. This is because workers will move to the firms that offer the highest wage until the wage is equalized across all firms, resulting in the equilibrium wage in the industry being the same for all firms.

In a Perfectly Competitive Labor Market, the Equilibrium Wage in the Industry