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The Industry Demand for Labor in a Competitive Labor Market

Question 31

Multiple Choice

The industry demand for labor in a competitive labor market


A) is the same as the individual demand for labor in a perfectly competitive market
B) is a horizontal curve at the market wage rate
C) slopes upward when there are diminishing returns
D) is the sum of the individual firms' demand curves for labor
E) is downward sloping only if all firms that employ labor are identical

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