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Purely competitive labor markets - PowerPoint PPT Presentation

IV. UNIT IV

IV. UNIT IV. B. THE PRICING AND EMPLOYMENT. OF RESOURCES: WAGE. DETERMINATION. 1. Purely competitive labor markets. a. Recognition. b. Wage determination. 2. Monopsonistic labor markets. a. MRC and Wage (P of labor. comparison). b. Wage determination. 3. Union models.

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Competitive Labor Markets

Competitive Labor Markets. An Introduction to the Derived Demand for Resources and the Supply of Labor in Perfectly Competitive Markets. Guiding Questions for Factor Markets and Resource Pricing. How do factor markets fit into the circular flow model? What determines resource pricing?

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464 views • 13 slides

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Purely competitive labor markets - PowerPoint PPT Presentation

IV. UNIT IV

Competitive Labor Markets