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Marginal Productivity Theory Implies That in a Perfectly Competitive Market

Question 171

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Marginal productivity theory implies that in a perfectly competitive market economy, a worker will receive income


A) equal to the value of her marginal contribution to the production process.
B) that is greater than the value of her marginal contribution to production process.
C) that is less than the value of her marginal contribution to the production process.
D) greater than, less than, or equal to the value of her marginal contribution to the production process, depending on her ability to negotiate with employers.

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