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dskmvld dskmvld
wrote...
Posts: 489
4 years ago

Question 1.

The Buda Agri Corporation is the sole employer in rural Hungary. In the labor market, Buda Agri is a



perfect competitor.



monopsony.



monopoly.



monopolistic competitor.



Question 2.

Marginal productivity theory implies that in a perfectly competitive market economy, a worker will receive income



that is greater than the value of her marginal contribution to the production process.



equal to the value of her marginal contribution to the production process.



greater than, less than, or equal to the value of her marginal contribution to the production process, depending on her ability to negotiate with employers.



that is less than the value of her marginal contribution to the production process.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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1 Reply
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Answer verified by a subject expert
Kutthroat K.Kutthroat K.
wrote...
Posts: 405
4 years ago
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Good timing, thanks!
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Just got PERFECT on my quiz
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