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Scenario 1 Bobby Garcia owns three boats that participate in commercial oyster fishing off the coast of Louisiana. As part of his business, he hires

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Scenario 1 Bobby Garcia owns three boats that participate in commercial oyster fishing off the coast of Louisiana. As part of his business, he hires a captain and several crew members for each boat. In the market for fresh oysters, there are thousands of firms like Bobby's. While Bobby usually catches a significant number of oysters each year, his contribution to the entire harvest of oysters is negligible relative to the size of the market. Refer to Scenario 1. If Bobby is a price taker in the labor market, he can choose the price at which he will sell the fish he catches. how many crew members he will hire. the wages that he will pay to his crew members. . All of the above

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