Assume That This Graph Illustrates a Perfectly Competitive Labor Market

question 2

Multiple Choice

Assume that this graph illustrates a perfectly competitive labor market. Equilibrium in this labor market is at a wage of ______ per hour and an employment level of ______ person-hours per day.

• A)$30; 100
• B)$30; 150
• C)$20; 200
• D)$20; 125

---

Definitions:

Defamation

A false communication or statement made about an individual, group, or organization that harms their reputation.

Libel

A written defamation that unjustly harms someone's reputation by conveying false statements as fact.

Fact-Checked

Fact-checked signifies the process of verifying information, assertions, or claims to ensure their accuracy and reliability.

Personal Virtue

The quality of moral excellence, righteousness, and responsibility that is an aspect of one's character.