The Larger and More Active a Wiki Community, the More

question 99

True/False

The larger and more active a wiki community, the more likely it is that information will be distorted and that errors will creep in.

---

Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogenous product.

Labor Demand Curve

A graphical representation that illustrates the quantity of labor that employers are willing and able to hire at different wage rates.

Marginal Labor Cost

The additional cost incurred by hiring an extra unit of labor.

Nominal Wage

Nominal wage refers to the wage paid to employees in current money terms, without adjustment for inflation.