Consider Two Situations: in Situation A,the Production of Widgets Is

Multiple Choice

Consider two situations: In situation A,the production of widgets is monopolized by a single firm.In situation B,the production of widgets is perfectly competitive.In both situations,the supply of labor to widget makers is infinitely elastic at a wage of w.In this case,the product :

A) will be the same in the two cases.
B) will be higher in case B than in case A.
C) will be higher in case A than in case B.
D) From the information given,it is not possible to make a definite statement about the marginal value product of labor.