Which of the Following Is a True Statement

question 5

Multiple Choice

Which of the following is a true statement?

• A)Monopolists employ too many labor resources,because the value of the marginal product exceeds the marginal opportunity cost of labor
• B)For a monopolist,the marginal revenue product of labor exceeds marginal wage at the profit maximizing level of employment
• C)Monopolists pay a lower wage than competitors for the same type of labor
• D)The monopolist's demand for labor curve is less elastic than if it were a competitor in the sale of its output.

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