labor markets

[123add1]

(a) Explain the economic theory of wage determination in perfect competition. [12]
(b) Discuss whether this theory is useful in explaining how wages are determined in reality.


plz explain in detail

 

[destined007]

Read this:

 

[destined007]

part b)

 

[pariah93]

Can u post monopsony market too?

 

[destined007]

here:

 

[pariah93]

Thank you very much.

 

[destined007]

you are welcome.