A Major Criticism of the Marginal Productivity Theory of Income

question 4

Multiple Choice

A major criticism of the marginal productivity theory of income distribution is that

• A) the demand for labor resources is price inelastic.
• B) achieving equality in incomes will take time.
• C) imperfectly competitive firms are only interested in profit maximization.
• D) property resources like land are unevenly distributed, which leads to income inequality.

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