When a firm is a price taker in the goods market, it has no control over market price When a firm is a price taker in the labor market, it has no control over the quantity of workers it hires the wage paid to the workers it hires the amount of output it produces the price of the output it produces...

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Jan 31, 2024 01:11 AM

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Microeconomics

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