Assuming workers and jobs are identical,if information is perfect but job search and migration are costly,then:
A)labor may or may not flow among employers
B)labor will flow among employers until all wages are equal
C)labor will flow among employers until all economic profits are zero,but wages may be unequal
D)all firms will hire the same number of workers in equilibrium and pay them all the same wage

Question

Quizplus · Accepted Answer

In a scenario where job search and migration are costly, even with perfect information, workers may choose not to move to other jobs due to these costs. This means labor may or may not flow among employers, depending on whether the benefits of moving outweigh the costs.

Assuming Workers and Jobs Are Identical,if Information Is Perfect but Job