Employers are likely to be able to pass on the cost of a wage increase if they _____.
A) are in a competitive product market
B) are in a concentrated industry
C) are in a noncompetitive product market
D) sell products that have an elastic demand

Question

Quizplus · Accepted Answer

In a noncompetitive product market, employers have more control over pricing and can pass on wage increases to consumers without losing market share.

Employers Are Likely to Be Able to Pass on the Cost