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The country with the highest penetration rate of Internet users is:
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market.
Perfectly Competitive
A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit, leading to price taking behavior.
Labor Market
A marketplace or environment where workers seek employment and employers seek to hire workers, based on wage rates, demand, and supply of labor.
Economic Rent
A payment to a factor of production (such as land, labor, or capital) in excess of what is necessary to keep that factor in its current use.
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