The perfectly competitive model is most likely to apply to a labor market in which
a. many well-informed firms must negotiate with one dominant labor union
b. there are a few firms, and they are uninformed about the attributes of each worker
c. there are many workers currently in the market who must negotiate with one dominant firm
d. there are many well-informed workers and firms, and each worker appears the same to firms
e. one dominant labor union must negotiate with one dominant firm
D
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Savings-and-loans were originally federally insured through the
A) FDIC. B) FSLIC. C) NCUSIF. D) Comptroller of the Currency.
Which of the following represents the appropriability of research?
A) the protection given to new products by the law B) how R&D spending translates into new ideas C) the extent to which firms benefit from the results of their own R&D spending D) the rate of technological progress E) both B and C