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In the Basic Competitive Model of Labor Markets We Assume

Question 1

Multiple Choice

In the basic competitive model of labor markets we assume that:


A) all compensation is either monetary or given as fringe benefits.
B) all compensation is monetary. There are lots of fringe benefits included.
C) all compensation is monetary. There are some fringe benefits included.
D) all compensation is monetary. There are no fringe benefits.

Correct Answer:

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