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Refer to the Above Graph

Question 21

Multiple Choice

Refer to the above graph.Under purely competitive conditions in the sale of output and hiring of labor services,the wage rate will be:

A) W₁ and Q₁ workers will be hired.
B) W₂ and Q₂ workers will be hired.
C) W₂ and Q₁ workers will be hired.
D) W₃ and Q₁ workers will be hired.

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