The Perfectly Competitive Model Is Most Likely to Apply to a Labor

question 94

Multiple Choice

The perfectly competitive model is most likely to apply to a labor market in which

• A)many well-informed firms must negotiate with one dominant labor union
• B)there are a few firms,and they are uninformed about the attributes of each worker
• C)there are many workers currently in the market who must negotiate with one dominant firm
• D)there are many well-informed workers and firms,and each worker appears the same to firms
• E)one dominant labor union must negotiate with one dominant firm

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