Figure 20-1 -Which of the Following Would Not Be True of a True

Multiple Choice

Figure 20-1
-Which of the following would not be true of a competitive labor market?

A) Wages would be determined by supply and demand.
B) The demand curve for labor would be derived like the demand curve for any other input.
C) The demand curve for labor would be the downward-sloping portion of the MRP curve.
D) Labor supply would be determined by the marginal revenue product curve.