The Labor Demand Curve of a Firm That Sells Its

Multiple Choice

The labor demand curve of a firm that sells its product in an imperfectly competitive market

A) is downsloping, solely because of the law of diminishing returns.
B) is downsloping and flatter than the labor demand curve of a firm that sells its product in a purely competitive market.
C) is upsloping.
D) is downsloping because of both declining marginal productivity and declining product prices as quantity increases.