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    Price Theory and Applications
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    Exam 15: The Demand for Factors of Production
  5. Question
    A Competitive Firm's Demand for Labor Always Slopes Down in the Short-Run
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A Competitive Firm's Demand for Labor Always Slopes Down in the Short-Run

Question 61

Question 61

True/False

A competitive firm's demand for labor always slopes down in the short-run but may slope upwards or downwards in the long-run.

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