For a firm in a perfectly competitive labor market
A) W > MFC.
B) W < MFC.
C) W > MRP.
D) W = MFC.
Answer: D
Economics
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If a foreign producer sells a good in a country at a lower price than in its home market, this is called
A) a countervailing duty. B) a tariff offset. C) dumping. D) a reverse tariff.
Economics