Question: Multiple Choice Question What determines the equilibrium wage rate and level of employment in a competitive labor market? Multiple choice question. The intersection of the

Multiple Choice Question What determines the equilibrium wage rate and level of employment in a competitive labor market? Multiple choice question. The intersection of the market labor demand curve and the market labor supply curve The intersection of the market labor demand curve and the individual firm's labor supply curve The intersection of the marginal cost of production and the marginal utility of the workers The degree to which workers have been able to bargain through their unions to maintain constant wages

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