Which of the following statements regarding the labour market are correct? MULTIPLE CHOICES (a) Wages are the prices in the labour market that determine the level of demand and supply. (b) The labour market is always very competitive. (c) The labour market is not really a market as firms do not buy or sell workers.

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Q: 2. Study Questions and Problems #1 In the labor market model, demand labor, and supply labor.

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A:

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A: We will answer only the first question, as the exact question number is not mentioned.

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A: The correct answer is;

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