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The marginal productivity of labor will eventually decrease as more workers are employed because
Market Power
The ability of a firm to influence or control the price and quantity of goods or services in a market.
Marginal Revenue
The additional income obtained from selling one more unit of a product or service.
Demand Schedule
A table that shows the quantity of a good or service that consumers wish to buy at each price level.
Output
The quantity of goods or services produced by a firm, industry, or economy in a given period.
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