Question: The condition p a .mpl a = w = p b .mpl b for both labour markets in a Specific Factors model implies: a) The

The condition pa.mpla = w = pb.mplb for both labour markets in a Specific Factors model implies:

a) The economy is somewhere on the ppf.

b)The economy is on the ppf and the value of output is being maximized.

c)The economy is inside the ppf.

d)There is unemployment

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