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Which of the following is a true statement regarding perfectly competitive labor markets? a. Changes in nonwage factors have no effect on the supply of
Which of the following is a true statement regarding perfectly competitive labor markets?
a. Changes in nonwage factors have no effect on the supply of workers.
b. Only sellers of labor can influence the market outcome.
c. Equilibrium wage and quantity are determined by the intersection between thedemand and supply curves.
d. Changes in nonwage factors have no effect on the demand for workers.
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