Profit-maximizing firm Crunchy Chips, Inc. sets out to hire 8 workers in the imperfectly competitive snack market. Given that Crunchy Chips, Inc. is a profit-maxizing firm operating in an imperfectly competitive market, what is the market wage rate they will pay each worker? #
Col1 Workers (L) 2 4 6 8
Col2 MPL 8 6 4 2
Col3 Marginal Revenue $12 $9 $6 $3
Col4 MRPL $96 $54 $24 $6
+4
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