Exploitation-Competitive Markets

The removal of exploitation of the labor wage payments beneath the value to society of each and every individual worker’s productive contribution is automatic when business decision makers: (i) Should set wages via collective bargaining agreements with the labor unions. (ii) Conscientiously maximize their gains while operating in purely competitive markets for all the outputs and all resources. (iii) Employ extensive screening methods whenever they interview future employees. (iv) Enthusiastically comply with the affirmative action laws. (v) Hire workers with strong letters of reference from respected present employees.

What is the right answer?

View Complete Question

Related Questions in Microeconomics

Q : Probability of Law of Diminishing

Can someone help me in finding out the right answer from the given options. Karina gets 27 utils from her first ice-cream cone in an hour, and 23 extra utils from the second that hour. Determine the number of utils is she likely to obtain from the third cone? (i) 15 u

Q : Reduce average total costs by

Individual pure competitive firms as well as firms along with market power may each be capable to: (i) reduce average total costs by increasing the size of its operations or economies of scale else decreasing the size of its operations [as diseconomie

Q : Long run for production theory Long run

Long run for the production theory is a time period across which: (i) All production occurs. (ii) Firms can adjust all their costs and resources. (iii) Bigger firms absorb the smaller firms. (iv) Marginal costs become decreasingly significant. (iv) Im

Q : Determine prices by maximize total

LoCalLoCarbo that is Favorite Corporation of fad dieters, which can maximize its total revenue when this produces: (1) output q2 and charges a price equal to P1. (2) output q3 and charges a price of more than P2 althou

Q : Market structure of oligopoly firm

Assume that a firm is conscious which rival firms will adjust to counter any changes in the firm’s policies and accordingly, the firm behaves strategically while this sets prices, terms to customers or output levels. That a firm is operating in a market

Q : Present Value and Rates of Return When

When the rate of return you calculate on an asset exceeds the interest rate: (1) competition for profit must make its price fall rapidly. (2) the price must fall rapidly. (3) the market is in long term equilibrium. (4) you should igno

Q : Government banks function Government

Government banks function: The central bank conducts the banking account of the government departments. This performs similar banking functions for the government as commercial bank executes for its customers. This accepts their deposits and undertake

Discover Q & A

Leading Solution Library

Avail More Than 1461322 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1944315
Asked

3,689

Active Tutors

1461322

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment