Multiple Choice
Assume that this graph illustrates a perfectly competitive labor market. 
In this market, at a wage of $40:
A) the market would be in equilibrium.
B) more people would want to work than number of job openings.
C) firms would not be able to find enough workers to fill all their positions.
D) approximately 175 worker hours would be hired.
Correct Answer:
Verified
Correct Answer:
Verified
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