In a perfectly competitive labor market, the best protection an employee has against exploitation by his or her employer is:

Question

Quizplus · Accepted Answer

In a perfectly competitive labor market, the presence of other employers acts as the best protection against exploitation. This is because if one employer attempts to exploit their workers by underpaying them or providing poor working conditions, the workers can easily find employment with another employer who offers better pay or working conditions, given the competitive nature of the market. This competition for labor forces employers to offer fair compensation and conditions to attract and retain employees.

In a Perfectly Competitive Labor Market, the Best Protection an Employee