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Alek Hsiang Alek Hsiang
wrote...
Posts: 383
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5 years ago
An industry's equilibrium wage rate is established

• by the Labor Department and based on the cost of living in the area.

• by the industry supply curve for labor alone.

• by the intersection of the industry supply and demand curves for labor.

• by the slope of the industry demand curve for labor alone.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
by the intersection of the industry supply and demand curves for labor.
Alek H. Author
wrote...
5 years ago
Thanks for your help!
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