The Labor Demand Curve of an Imperfectly Competitive Seller Is

question 104

Multiple Choice

The labor demand curve of an imperfectly competitive seller is downsloping

• A) solely because of diminishing marginal utility.
• B) because of both diminishing returns and the necessity to lower price to sell more output.
• C) solely because product price must be reduced to sell more output.
• D) solely because of diminishing returns.

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