Homework answers / question archive / In a perfect competitive market setting, which of the following would be a true statement? a) market price automatically sets itself, exactly, at equilibrium b) market price rarely trends toward the equilibrium value c) wage rates trend toward marginal revenue product levels d) wage rates mirror marginal revenue product levels, exactly

In a perfect competitive market setting, which of the following would be a true statement? a) market price automatically sets itself, exactly, at equilibrium b) market price rarely trends toward the equilibrium value c) wage rates trend toward marginal revenue product levels d) wage rates mirror marginal revenue product levels, exactly

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In a perfect competitive market setting, which of the following would be a true statement?

a) market price automatically sets itself, exactly, at equilibrium

b) market price rarely trends toward the equilibrium value

c) wage rates trend toward marginal revenue product levels

d) wage rates mirror marginal revenue product levels, exactly