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At the profit-maximising level of employment in a perfectly competitive labour market, [1] the marginal revenue product equals the value of marginal product. [2] the

At the profit-maximising level of employment in a perfectly competitive labour market,

[1] the marginal revenue product equals the value of marginal product.

[2] the marginal revenue product equals the marginal cost of labour.

[3] the marginal product equals the marginal revenue product.

[4] the marginal product equals the marginal cost of labour.

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