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    GRADED ACTIVITY (Labor Market)

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    Chriscel Ann Espiritu
    The document discusses characteristics of a perfectly competitive labor market including: a large number of firms trying to hire identical labor, numerous qualified people independently offering services, neither firms nor workers control the market wage, and perfect information and labor mobility. It also asks to distinguish determinants of labor supply and demand and explain a simple graph related to labor markets.

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    GRADED ACTIVITY (Labor Market)

    Uploaded by

    Chriscel Ann Espiritu
    5 views1 page
    The document discusses characteristics of a perfectly competitive labor market including: a large number of firms trying to hire identical labor, numerous qualified people independently offering services, neither firms nor workers control the market wage, and perfect information and labor mobility. It also asks to distinguish determinants of labor supply and demand and explain a simple graph related to labor markets.

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    GRADED ACTIVITY ( Labor Market)

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    The document discusses characteristics of a perfectly competitive labor market including: a large number of firms trying to hire identical labor, numerous qualified people independently offering services, neither firms nor workers control the market wage, and perfect information and labor mobility. It also asks to distinguish determinants of labor supply and demand and explain a simple graph related to labor markets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5 views1 page

    GRADED ACTIVITY (Labor Market)

    Uploaded by

    Chriscel Ann Espiritu
    The document discusses characteristics of a perfectly competitive labor market including: a large number of firms trying to hire identical labor, numerous qualified people independently offering services, neither firms nor workers control the market wage, and perfect information and labor mobility. It also asks to distinguish determinants of labor supply and demand and explain a simple graph related to labor markets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    GRADED ACTIVITY (Asynchronous)

    FRANCK A. PAULINO

    1CMTS

    1. Briefly explain the following characteristics of a Perfectly Competitive Labor


    Market:

    a. Large number of firms trying to hire an identical type of labor.


    b. Numerous qualified people independently offering their services.
    c. Neither firms nor workers have no control over the market wage, and
    d. Perfect, costless information and labor mobility.

    2. Distinguish the different Determinants of Labor Supply and Labor Demands.

    3. Give a short explanation of this simple graph.

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