Which of the following labor markets is more likely to be competitive?
A) Receptionists
B) Singers
C) Soccer players
D) Sculptors

Question

Quizplus · Accepted Answer

Receptionist jobs are more common and require a set of skills that many people possess, making this labor market more competitive due to a larger supply of potential workers. In contrast, the markets for singers, soccer players, and sculptors are less competitive due to the unique, specialized talents required and the smaller number of positions available.

Which of the Following Labor Markets Is More Likely to Be