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Question
The equilibrium wage rate in an industry is found by
A) the intersection of the market demand curve for labor and the marginal revenue product curve of labor.
B) the intersection of the firmʹs demand curve for labor and the firmʹs supply curve of labor.
C) the intersection of the market demand curve for labor and the market supply curve of labor.
D) negotiations between the union leadership and the managers of the firms.
Answer
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Related questions
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