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stars_and_moon stars_and_moon
wrote...
Posts: 3218
7 years ago
A firm faces a labor market that is purely competitive and the market wage is $8.  Which of the following statements is true?
A) If the firm wants to hire more workers, it will have to offer a wage higher than $8 to attract the workers.
B) The firm can hire as many or as few workers as it wants to at the market wage of $8.
C) If the firm wants to lower its costs, it should pay its workers a wage lower than $8.
D) all of the above
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kingbykingby
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Top Poster
Posts: 3218
7 years ago
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wrote...
7 years ago
Incredible!
wrote...
7 years ago
Great! Now we can move on to the next one
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