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    Principles of Economics Study Set 8
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    Exam 18: The Markets for the Factors of Production
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    A Competitive, Profit-Maximizing Firm Hires Labor Up to the Point
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A Competitive, Profit-Maximizing Firm Hires Labor Up to the Point

Question 127

Question 127

Short Answer

A competitive, profit-maximizing firm hires labor up to the point at which the wage is equal to the __________.

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