To say that a firm is competitive in the labor market is to say that the firm
A)has little or no control over the number of workers it hires.
B)has little or no control over the wage it pays its workers.
C)is aggressive in pursuing the most skilled workers in the labor market.
D)is aggressive in trying to keep its workers' wages low.

Question

Quizplus · Accepted Answer

A firm being competitive in the labor market implies it operates under the conditions of a competitive market, where individual firms do not have the power to set wages but rather accept the market wage determined by the supply and demand for labor.

To Say That a Firm Is Competitive in the Labor