group paper #2 - monopolistic competition which means that...

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Labor supply is the where the workers agree to work for a certain number of hours at a given wage. Labor demand would be the highest wages a company would pay to its employees at the same time benefiting from an increase in the output of production. Labor demand is also the amount of employees needed at certain job, like the amount of constructers working on a building in San Francisco. Nike is a
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Unformatted text preview: monopolistic competition, which means that the supply and demand of labor are determined with labor market. In other words works provide labor for wages and company demands labor from workers in wages. Reference CliffsNotes.com. Labor Demand and Supply in a Perfectly Competitive Market . 20 Aug 2010 <http://www.cliffsnotes.com/study_guide/topicArticleId-9789,articleId-9781.html>....
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This note was uploaded on 10/18/2010 for the course BUSINESS 101b taught by Professor Ku during the Spring '10 term at Ohlone.

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group paper #2 - monopolistic competition which means that...

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