文档介绍：petitive Labour Markets petitive labour markets Market equilibrium in a perfect labour market Sall workers in the market Dall firms in the market O Labour hours Hourly wage Wm A labour market: whole market petitive labour markets Employers and employees in a perfect labour market Dindividual employer O Labour hours Hourly wage Q1 Wm Slabour A labour market: individual employer O Labour hours Hourly wage Q2 Wm Dlabour Sindividual worker A labour market: individual worker petitive labour markets The supply of labour The marginal disutility of hours worked O Hours worked Disutility MDU The supply of hours worked Hours worked Hourly wage S O petitive labour markets The demand for labour: Marginal productivity theory