In the Basic Competitive Model of Labor Markets We Assume

question 1

Multiple Choice

In the basic competitive model of labor markets we assume that:

• A) all compensation is either monetary or given as fringe benefits.
• B) all compensation is monetary. There are lots of fringe benefits included.
• C) all compensation is monetary. There are some fringe benefits included.
• D) all compensation is monetary. There are no fringe benefits.

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