Figure 20-1 -Which of the Following Would Not Be True of a True

question 192

Multiple Choice

Figure 20-1
-Which of the following would not be true of a competitive labor market?

• A)Wages would be determined by supply and demand.
• B)The demand curve for labor would be derived like the demand curve for any other input.
• C)The demand curve for labor would be the downward-sloping portion of the MRP curve.
• D)Labor supply would be determined by the marginal revenue product curve.

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