There Are Several Assumptions That Are the Basis of the Operation

question 22

Multiple Choice

There are several assumptions that are the basis of the operation of the benchmark competitive labor market.Which of the following is not one of these assumptions?

• A)Wage rates are costlessly observable.
• B)All jobs are identical.
• C)There are no long-term contracts.
• D)Compensation is made up of wages and benefits.

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