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    Intermediate Microeconomics Study Set 1
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    Exam 13: Pricing in Input Markets
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    Suppose the Market for Labor Is Perfectly Competitive and the Demand
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Suppose the Market for Labor Is Perfectly Competitive and the Demand

Question 19

Question 19

Multiple Choice

Suppose the market for labor is perfectly competitive and the demand for labor is Suppose the market for labor is perfectly competitive and the demand for labor is   and market supply is   .The equilibrium wage will be A)  5 B)  6 C)  7 D)  8 and market supply is Suppose the market for labor is perfectly competitive and the demand for labor is   and market supply is   .The equilibrium wage will be A)  5 B)  6 C)  7 D)  8 .The equilibrium wage will be


A) 5
B) 6
C) 7
D) 8

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