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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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