AP® Microeconomics

Free Version

Upgrade subject to access all content

Easy

Perfectly-Competitive Resource Market: Characteristics

APMICR-YLXSMB

Which of the following is NOT a characteristic of a perfectly competitive labor market?

A

Lots of firms.

B

Wage taker.

C

Workers with identical skills.

D

Geographic immobility.

E

Perfectly elastic supply curve for firm.