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Which of the following statements about equilibrium factor-price differentials is correct? They

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Which of the following statements about equilibrium factor-price differentials is correct? They

Which of the following statements about equilibrium factor-price differentials is correct? They

▸ tend to be self-eliminating.

▸ will be eliminated when the allocation of resources is in long-run equilibrium.

▸ may be caused by differences in the intrinsic qualities of factors.

▸ are unrelated to differences in non-monetary benefits.

▸ are unrelated to acquired differences in factors.

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Microeconomics

Edition: 17^th

Author: Ragan

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