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Question 41 / 96:  How does competition protect workers?
Answer: 

If a particular worker is being paid less than his or her marginal

product, there is an opportunity for a competing entrepreneur

to offer a higher wage and pocket the (smaller) gap. The only

logical stopping point for this process is when all workers are

paid in line with how much they contribute.
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Capitalism: The Market Economy

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Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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