If the Wage Rate Increases

Multiple Choice

If the wage rate increases,

A) a purely competitive producer will hire less labor, but an imperfectly competitive producer will not.
B) an imperfectly competitive producer will hire less labor, but a purely competitive producer will not.
C) a purely competitive producer and an imperfectly competitive producer will both hire less labor.
D) an imperfectly competitive producer may find it profitable to hire either more or less labor.