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In a specific city, there is only one employer but many workers. What can be said about the labor market? The workers would earn more

In a specific city, there is only one employer but many workers. What can be said about the labor market?

The workers would earn more if the market for labor was competitive.

The quantity of labor hired is allocatively efficient.

Fewer workers would be hired if it were a competitive market.

The employer hires where the supply of labor equals the marginal revenue product of labor.

None of the above are true.

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