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Advanced Placement (AP), 02.01.2022 06:00 ndef5055

A firm operates in a perfectly competitive output market with a product price of $12. If the marginal product of the last worker employed is 3 units and the firm competes in a perfectly competitive labor market, then the wage must be ?

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A firm operates in a perfectly competitive output market with a product price of $12. If the margina...
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