Which of the following is true of the assumption of a perfectly competitive labor market?...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Which of the following is true of the assumption of a perfectly competitive labor market? If there are multiple correct answers, please list all of them.
(1) Everyone is a wage taker
(2(Free entry to the labour market
(3) Perfect knowledge of the labour market
(4)Homogeneous labour (of any given type)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
