Labour Markets Flashcards
(4 cards)
1
Q
when does a monopsonist hire labour
A
where MEL = MRPL
2
Q
when does a perfectly competitive firm hire labour
A
where W = MRPL
3
Q
what is labour market discrimination
A
when identical workers are treated differently based on group identity
4
Q
how can labour market discrimination be reduced
A
through legal systems and education campaigns
