If your goal is to earn the highest wage possible, which of the following industries has the most
favorable characteristics? (1 point)
A few firms produce a very specialized product, but capital is used instead of
labor for much of the production. The firms primarily hire low-skilled workers, if
any.
There are many firms producing very popular products, but the production
process is so technical that properly-trained employees are hard to come by.
A few firms produce a very specialized product. The firms rarely hire new
employees, as they require so few.
Many firms are producing very popular products, and the simple processes
involved in production allow the firms to hire thousands of low-skilled workers.