The Labor Demand Curve of a Firm That Sells Its

question 230

Multiple Choice

The labor demand curve of a firm that sells its product in an imperfectly competitive market

• A)is downsloping, solely because of the law of diminishing returns.
• B)is downsloping and flatter than the labor demand curve of a firm that sells its product in a purely competitive market.
• C)is upsloping.
• D)is downsloping because of both declining marginal productivity and declining product prices as quantity increases.

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