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Derive the wage offer curve and supply curve of labor and determine the equilibrium wage under perfect competition in the labor market?
Wiki User
∙ 10y ago
The question doesn't provide any curve, because that's impossible on Answers.com. However it's easy to determine the equilibrium wage in a perfectly competitive market by equating the market demand for labour with the market supply of labour.
Wiki User
∙ 10y ago
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