If Workers Receive Economic Rents, Then

Multiple Choice

If workers receive economic rents, then:

A) If wages were to be increased, the employment level would rise.
B) The product market could be perfectly competitive.
C) They are receiving wages which are below the competitive level.
D) If wages were to be reduced, the firm would no longer be able to recruit labour.
E) They are receiving wages which are higher than the competitive level.