N false false false en-us x-none x-none


The theory of factor price equalization suggests that wages eventually will equilibrate if labor is perfectly mobile. Suppose labor is not perfectly mobile. State an example of why labor might not be perfectly mobile. Draw a graph that shows how wages will not equilibrate in this instance, and explain whether the outcome is an equilibrium outcome

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Microeconomics: N false false false en-us x-none x-none
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