Which of the following is a characteristic of a purely competitive labor market? Multiple Choice All of these are characteristics of a purely competitive labor market. Individual employers and individual workers are "wage makers." The good or service workers produce is sold in a purely competitive product market. Many workers with identical skills supplying a particular type of labor.

Which of the following is a characteristic of a purely competitive labor market? Multiple Choice All of these are characteristics of a purely competitive labor market. Individual employers and individual workers are "wage makers." The good or service workers produce is sold in a purely competitive product market. Many workers with identical skills supplying a particular type of labor.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following is a characteristic of a purely competitive labor market?
Multiple Choice
All of these are characteristics of a purely competitive labor market.
Individual employers and individual workers are "wage makers."
The good or service workers produce is sold in a purely competitive product market.
Many workers with identical skills supplying a particular type of labor.
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