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In a purely competitive labor market, each firm employs such a ______ fraction of the total available supply of a specific type of labor that no firm can influence the ______. Multiple choice question. small; interest rate large; wage rate small; wage rate

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Answer:

small; wage rate

Step-by-step explanation:

The purely competitive market is a wage taker as there are many number of firms who wants to purchase the labor services in that market also there are many number of workers who have similar skills and wants to sell their labor services

So as per the given situation, the each and every kind of firm wants to employs a small fractions of total supply available so that no firm could influence the wage rtae

Therefore the last option is correct

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