Discuss the implications of equilibrium for a competitive economy containing many regional markets when labor and firms

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Discuss the implications of equilibrium for a competitive economy containing many regional markets when labor and firms are free to enter and exit the various markets.

Why is the resulting allocation of labor efficient?

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Labor Economics

ISBN: 9781260565522

8th Edition

Authors: George Borjas

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Question Posted: Apr 27, 2024 11:03 PM

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Discuss the implications of equilibrium for a competitive economy containing many regional markets when labor and firms

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In a competitive economy with many regional markets where labor and firms are free to enter and exit equilibrium plays a crucial role in determining t...View the full answer

Labor Economics

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