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If an Employer Is Competitive in the Labour Market

Question 19

Multiple Choice

If an employer is competitive in the labour market:


A) It can pay at most the going wage.
B) It can pay lower than the market equilibrium wage.
C) The wage level is independent of the structure of the product market.
D) It can affect the going market wage by either hiring many workers or laying off many workers.
E) It has to pay at least the going wage.

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