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Business, 28.12.2019 02:31 rrrrainy

Assume the following conditions hold:
(1) the demand for every type of labor is the same.
(2) there are no special non-pecuniary aspects to any job.
(3) all labor is ultimately homogeneous and can costlessly be trained for different types of employment.
(4) all labor is mobile at zero cost.

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Assume the following conditions hold:
(1) the demand for every type of labor is the same.

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