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    Microeconomics Study Set 23
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    Exam 14: Markets for Factor Inputs
  5. Question
    Figure 14.3.1 -Refer to Figure 14.3.1 Above. the Price Paid in This
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Figure 14.3.1 -Refer to Figure 14.3.1 Above. the Price Paid in This

Question 106

Question 106

Multiple Choice

  Figure 14.3.1 -Refer to Figure 14.3.1 above. The price paid in this market equals: A)  w<sub>1</sub>. B)  w<sub>2</sub>. C)  w<sub>3</sub>. D)  the same as the competitive price. Figure 14.3.1
-Refer to Figure 14.3.1 above. The price paid in this market equals:


A) w1.
B) w2.
C) w3.
D) the same as the competitive price.

Correct Answer:

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