An Essential Characteristic of Imperfect Competition in Factor Markets Is

question 22

Multiple Choice

An essential characteristic of imperfect competition in factor markets is that:

• A) individual firms face a downward-sloping demand curve for their output.
• B) the MFC curve lies above the factor supply curve.
• C) P of output is less than MR.
• D) MFC is downward-sloping.

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Definitions:

Hypocalcemia

Deficiency of calcium in blood plasma.

Hypophosphatemia

Deficiency in phosphate in blood plasma.

Hypermagnesemia

An excess of magnesium in blood plasma.

Hypokalemia

Deficiency of potassium in blood plasma.