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480 440 400 MWC 320 280 S Wage rate 240 200 160 120 80 40 D (MRP) 5 Number of workers Refer to the figure

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480 440 400 MWC 320 280 S Wage rate 240 200 160 120 80 40 D (MRP) 5 Number of workers Refer to the figure above for a labour market to answer this question. If this market were perfectly competitive, what would be the wage rate? O a. $200 O b. $160 O c. $40 O d. $120

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