Which of the following statements is true of market pay line?

Multiple Choice

A market pay line reflects a firm's competitive position in the market.

A market pay line links a company's benchmark jobs on the vertical axis with market rates paid by competitors on the horizontal axis.

A market pay line is adjusted in order to construct a pay policy line.

A market pay line is a line of consumers in a market.

A market pay line is constructed by adjusting pay policy line.