In a competitive labor market, all workers earn the same wage because

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    workers generate the identical marginal revenue product wherever they are employed.
     workers are well informed and will not work for a lower wage when other employers are willing to pay the worker their value of marginal product.
     if any worker were being paid a wage lower than their marginal revenue product, another firm would find it profitable to offer that worker a higher wage.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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