Noncompeting labor grades do not compete with one another because:

a. of educational differences.

c. they are operating in a perfectly competitive market.

b. their respective wage rates are different.

d. the opportunity cost is too great.

Question

Social Studies

Valencia

16 November, 18:42

Noncompeting labor grades do not compete with one another because:

a. of educational differences.

c. they are operating in a perfectly competitive market.

b. their respective wage rates are different.

d. the opportunity cost is too great.

+3

Answers (1)

Know the Answer?

Christian Yu · Answer 1

The correct answer is letter A.

Non-competing labor grades do not compete with one another for jobs because of their educational differences. Aside from this reason, these labor grades do not compete with each other because they also vary in their level of experience and training.

Noncompeting labor grades do not compete with one another because:a. of educational differences.c. they are operating in a perfectly competitive market.b. their respective wage rates are different.d. the opportunity cost is too great.

Noncompeting labor grades do not compete with one another because:

a. of educational differences.

c. they are operating in a perfectly competitive market.

b. their respective wage rates are different.

d. the opportunity cost is too great.