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The Labor Demand Curve of an Imperfectly Competitive Seller Is

Question 104

Multiple Choice

The labor demand curve of an imperfectly competitive seller is downsloping


A) solely because of diminishing marginal utility.
B) because of both diminishing returns and the necessity to lower price to sell more output.
C) solely because product price must be reduced to sell more output.
D) solely because of diminishing returns.

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