Multiple Choice
To say that a firm is competitive in the labor market is to say that the firm can choose
A) both the wage it pays its workers and the number of workers it hires.
B) neither the wage it pays its workers nor the number of workers it hires.
C) the wage it pays its workers, but it cannot choose how many workers to hire.
D) the number of workers it hires, but it cannot choose the wage it pays its workers.
Correct Answer:
Verified
Correct Answer:
Verified
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