Question

Explain the supply of labour in a perfect competition market with the help of a graph.

Answer 1

Answer:

The supply curve of labour in a competitive market

The supply curve of labour in a competitive marketThis means that the actual equilibrium wage will be set in the market, and the supply of labour to the individual firm is perfectly elastic at the market rate. Equilibrium wage in the labour market, and supply for the individual firm.

Explanation:

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Answer 2

Answer:

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