Best Answer

The labor market will reach equilibrium as the amount of workers willing to work for a certain price equals the amount of workers employers are willing to hire for that wage. On a supply and demand curve the employees represent the suppl side while the employers represent the demand side

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Explain how labor market equilibrium is affected by the supply and demand of labor in a Monopolistic Competition?
Write your answer...
Still have questions?
magnify glass
Related questions

Identify and explain the market structure in which the Toyota company is operating?

monopolistic competition

Explain price determination under monopolistic competition?

My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.

Can someone explain Microsoft to you in one sentence?

Monopolistic money grabbers.

Explain the consumer equilibrium with the help of indifference curve?

Explain the consumer equilibrium with the help of indifference curve?

What are the 4 basic market structure and explain how they differ from one another?

The four basic market structures are perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition has many small firms producing identical products, while monopolistic competition has many firms selling similar but not identical products. Oligopoly has a few large firms dominating the market, while a monopoly has a single firm controlling the entire market. The main difference between them lies in the number of firms in the market and the level of product differentiation.

Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?

== ==

What ethical issues created by unfair competition?

Since the terms unfair and unethical are synonymous, it is not necessary to explain why something that is unfair would be unethical. That is true by definition. As for specific issues, unfair competition is typically used to drive competitors out of business, which then results in less choice for the consumer, and in the worst case scenario, higher prices in a monopolistic system. And that is not fair.

How you explain competition in animals?

For mates, territory and in comparison to others. (Like who is better.)

Identify density-dependent limiting factors and explain how they affect a population.?

- Density-dependent limiting factors that are based on population and are affected by the number of individuals.  competition, predation, and parasitism  

Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?

madarchode machudda

What is consumer equilibrium under cardinal approach?

illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?

Which states are Workers Compensation Monopolistic States?

North Dakota, Ohio, Washington & Wyoming. Also, the US Virgin Islands and Puerto Rico are monopolistic, and AZ, CA, CO, ID, MD, MI, MN, MT, NY, OK, OR, PA & UT are option states. Could you explain what option states mean? Does that mean you have the option for them to be monopolistic if you want to of what exactly?