For a Competitive Industry,the Market Input Demand Curve for Labor

question 68

Multiple Choice

For a competitive industry,the market input demand curve for labor is:

• A)the same as the individual firm's input demand curve.
• B)obtained by vertically aggregating the individual firms' input demand curves.
• C)the horizontal summation of the various industry demand curves for the input.
• D)more inelastic the higher the substitutability between inputs.

---

Definitions:

Behavior

The actions or reactions of an organism, usually in relation to the environment, which can be observed and measured.

Community Psychologist

A professional in psychology who works to understand the relationships of individuals within communities and the wider society to improve quality of life.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature.

Misinformation

False or inaccurate information, often spread unintentionally, that can mislead people.