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What will happen to the marginal revenue product (MRP), equilibrium wage rate, and employment level in the labor market for fishermen if there is a
What will happen to the marginal revenue product (MRP), equilibrium wage rate, and employment level in the labor market for fishermen if there is a decrease in the price of fish? O MRP increases, equilibrium wage rate decreases, and equilibrium employment level increases. O MRP decreases, equilibrium wage rate increases, and equilibrium employment level decreases. O MRP increases, equilibrium wage rate increases, and equilibrium employment level increases. O MRP decreases, equilibrium wage rate decreases, and equilibrium employment level decreases. Need help? Review these concept resources
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