In a competitive labor market,if a firm pays a worker less than that worker's VMP,then in the long run

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If a firm pays a worker less than their VMP, competing firms will be able to offer higher wages and attract the worker away. This will drive up wages to the worker's VMP in the long run as firms compete for workers. The worker will also have an incentive to work hard to maintain their job or seek better-paying opportunities elsewhere. Thus, choice B is the correct answer. A is incorrect because paying workers less than their VMP would lead to negative economic profits in the long run. C is incorrect because workers still have an incentive to work hard for higher wages or job security. D is incorrect because paying workers less than their VMP would not affect the supply of workers in the long run.

In a Competitive Labor Market,if a Firm Pays a Worker