The matching function captures the idea that

A) consumers have to be paid to work.
B) supply and demand for labor determine the market wage.
C) it is costly and time-consuming to get firms and workers together to produce output.
D) firms are profit-maximizing.

C

Economics

You might also like to view...

What is the difference between a supply schedule and a supply curve?

What will be an ideal response?

Economics

Which of the following is NOT exempt from antitrust laws?

A) professional baseball B) labor unions C) airlines D) public transit systems

Economics