To get a profit-maximizing firm in a perfectly competitive labor market to hire another worker, the firm will need to
A. raise the wage rate paid to the last worker hired only.
B. lower the wage rate paid to the last worker hired only.
C. raise the wage rate paid to that last worker hired and also to all previous workers hired.
D. lower the wage rate paid to that last worker hired and also to all previous workers hired.
Answer: C
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