Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 15 - Wage Determination - Discussion Questions: 2

Answer

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Work Step by Step

In competitive markets, there are many firms trying to hire employees with the same skill set. As a result, each individual firm will not control the wages very much.
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