Which of the Following Statements Is False

question 11

Multiple Choice

Which of the following statements is false?

• A) If a firm is an imperfect competitor in the labour market, then the labour supply curve is less than perfectly elastic.
• B) If a firm is a perfect competitor in the labour market, then there is no marginal labour cost curve.
• C) If a firm is an imperfect competitor in the labour market, then the employees receive less economic rent than they would if the market were perfectly competitive.
• D) If a firm is an imperfect competitor in the labour market, the labour supply curve that it faces is upward sloping.
• E) If a firm is an imperfect competitor in the labour market, the marginal labour cost curve lies above the labour supply curve.

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