Why is a firm in a purely competitive labor market a wage taker? What would happen if

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Why is a firm in a purely competitive labor market a wage taker? What would happen if it decided to pay less than the going market wage rate?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:47 AM

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Why is a firm in a purely competitive labor market a wage taker? What would happen if

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A firm in a purely competitive labor market is a wage taker because there are a large ...View the full answer

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