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Business, 09.12.2021 22:50 ambi121488
If a firm is hiring a certain type of labor under purely competitive conditions:
a. the labor supply and marginal labor (resource) cost curves will coincide and be upsloping.
b. the labor supply and marginal labor (resource) cost curves will coincide and be perfectly elastic.
c. its labor demand curve will be perfectly elastic at the market-determined wage rate.
d. the labor supply curve will lie above the marginal labor cost curve.
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If a firm is hiring a certain type of labor under purely competitive conditions:
a. the labor sup...
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