Which of the Following Statements Regarding the Demand for Labour

question 7

Multiple Choice

Which of the following statements regarding the demand for labour is false?

• A) If the firm is an monopolist in the product market, the firm's demand curve is flatter than it would be if the firm were operating in a perfectly competitive product market.
• B) If a firm is a monopolist in the product market, the firm's demand curve is more elastic than it would be if the firm were operating in a perfectly competitive product market.
• C) If a firm is a monopolist in the product market, it may still behave as a wage taker in the labour market.
• D) If a firm is a monopolist in the product market, the firm's demand for labour is the same as the industry's demand for labour.
• E) If a firm is a monopolist in the product market, it may or may not pay wages which are higher than the case in which the firm operates in a competitive output market.

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