The following figure shows the demand [D],marginal revenue [MR],and supply [S] curves in the market for labor.
Figure 17-2 ![The following figure shows the demand [D],marginal revenue [MR],and supply [S] curves in the market for labor. Figure 17-2 -Refer to Figure 17-2.Under competitive conditions _____ workers are hired at a wage of _____. A) L<sub>1</sub> and W<sub>1</sub> B) L<sub>1</sub> and W<sub>2</sub> C) L<sub>2</sub> and W<sub>1</sub> D) L<sub>2</sub> and W<sub>2</sub>](https://d2lvgg3v3hfg70.cloudfront.net/TB1825/11ea77e2_d755_57a3_91bf_d554b6213515_TB1825_00_TB1825_00_TB1825_00_TB1825_00.jpg)
-Refer to Figure 17-2.Under competitive conditions _____ workers are hired at a wage of _____.
A) L1 and W1
B) L1 and W2
C) L2 and W1
D) L2 and W2
Correct Answer:
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