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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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