Which of these is NOT an assumption of competitive labor markets?
A) Information about the going wage rate is known by workers and firms.
B) All employees are regarded as being equally productive.
C) Each firm sets its own wage rate for its workers.
D) Each firm can sell all its output at the prevailing market price.
Correct Answer:
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Q1: Which of these is NOT a characteristic
Q2: An assumption of the competitive labor market
Q3: In competitive labor markets, we assume that
A)
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A)
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