The Equilibrium of a Competitive Labor Market Is Associated with

The equilibrium of a competitive labor market is associated with

A) no unemployment as everyone has a job.
B) no unemployment as everyone who wants a job at the equilibrium wage has one.
C) no unemployment as labor is assumed to be supplied inelastically.
D) some unemployment as some people do not have a job at the equilibrium wage.
E) some unemployment as firms are not required to pay the minimum wage.