Lesson: The Theory of Labor Markets
What did you learn?
What did you learn?
| Reflect |
Use this checklist to reflect on your understanding of key lesson concepts.
| I am able to… | Definitely | With help | Not at all |
| explain the demand for labor in perfectly competitive output markets |
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| explain the demand for labor in imperfectly competitive output markets |
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| describe what determines the going market wage rate |
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If you selected “with help” or “not at all,” to any of these concepts, go back to the lesson to review the relevant sections.