Question: Which statement is true about labor markets? Multiple Choice An organization's competitors in labor markets only include companies with different products. Changes in the CPI

Which statement is true about labor markets?
Multiple Choice
An organization's competitors in labor markets only include companies with different products.
Changes in the CPI do not affect the labor market.
Organizations compete to sell labor in the labor market.
Competition for labor establishes the minimum an organization must pay to hire an employee for a particular job.
Cost-of-living considerations have little impact on labor-market rates.

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