Which of the Following Statements Describes the Way Our Home

Multiple Choice

Which of the following statements describes the way our home
Equilibrium reflects the concepts of competitive markets?
I.The opportunity cost of each good is the inverse of the ratio of labor
Productivity.
II.Prices of each good reflect opportunity cost.
III.Wages are equal and reflect the value of the marginal product of
Labor (MPL × P) for each good.

A) I
B) II
C) III
D) I, II, and III