Which of the Following Is an Assumption of Economic Theories

Multiple Choice

Which of the following is an assumption of economic theories of labour markets?

A) There is a huge advantage for a single employer to pay above the market rate.
B) Pay rates reflect only the base wage associated with employment.
C) People are homogenous and therefore interchangeable.
D) There is a huge advantage for a single employer to pay below the market rate.
E) Employers are not always interested in maximizing profits.