contestada

If the wage rate increases, Group of answer choices a purely competitive producer and an imperfectly competitive producer will both hire less labor. an imperfectly competitive producer will hire less labor, but a purely competitive producer will not. a purely competitive producer will hire less labor, but an imperfectly competitive producer will not. an imperfectly competitive producer may find it profitable to hire either more or less labor.

Respuesta :

Answer:

A purely competitive producer and an imperfectly competitive producer will both hire less labor.

Explanation:

In the perfect or pure competition market, there are a large number of firms each producing the same product (as called a standardized or homogeneous product).

Under imperfect competition, there are large number of buyers and sellers. Each seller can follow its own price-output policy.

So when wage rate increases both will hire less labor.