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Title: Suppose the labor market is perfectly competitive, but the output market is not. When the labor ... Post by: nakungth on Oct 25, 2017 Suppose the labor market is perfectly competitive, but the output market is not. When the labor market is in equilibrium, the wage rate will:
A) be less than the marginal revenue product of labor. B) equal the marginal revenue product of labor. C) be greater than the marginal revenue product of labor. D) None of the above is necessarily correct. Title: Re: Suppose the labor market is perfectly competitive, but the output market is not. When the labor ... Post by: oracledarren on Oct 25, 2017 Content hidden
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