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.

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The range of actions exhibited by an individual.

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Actions or reactions that an individual is capable of performing, which may be observed under certain conditions.

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