A firm in a competitive input market can
A) hire workers at the going wage.
B) hire additional workers only by raising wages.
C) hire additional workers at lower wages because those who are still unemployed are anxious to work.
D) hire additional workers only after a long search process.
Answer: A
Economics
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Price floors in agriculture lead to
A) efficient farming techniques being employed. B) surpluses of supported farm products. C) more competition in farming. D) the most efficient market solution.
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