A Firm with Market Power in the Output Market

question 138

Multiple Choice

A firm with market power in the output market

• A)does not have a derived demand.
• B)adjusts labor to equate the wage and marginal revenue product.
• C)can set whatever wage it wishes to pay.
• D)finds it unnecessary to maximize profit.
• E)adjusts labor so that the wage is lower than the marginal revenue product.

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