Why would a perfectly competitive firm be unable to take advantage of a dependence of the marginal
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Why would a perfectly competitive firm be unable to take advantage of a dependence of the marginal product of labor on the level of the wage rate paid by the firm? (Recall that a firm in a perfectly competitive labor market cannot influence the market clearing and profit-maximizing wage rate.)
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To conclude we can say that the because a firm in a ...View the full answer
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