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Which of the following statements is correct? Unemployment is zero when the labor market is in equilibrium. If all firms increase the real wage that

Which of the following statements is correct?

Unemployment is zero when the labor market is in equilibrium.

If all firms increase the real wage that they pay their workers, this will reduce the firms' markup.

Firms maximize profits by setting their price/markup as high as possible.

Firms maximize profits by setting wages as low as possible, where workers are indifferent between having a job and being unemployed

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