Multiple Choice
For a competitive industry,the market input demand curve for labor is:
A) the same as the individual firm's input demand curve.
B) obtained by vertically aggregating the individual firms' input demand curves.
C) the horizontal summation of the various industry demand curves for the input.
D) more inelastic the higher the substitutability between inputs.
Correct Answer:
Verified
Correct Answer:
Verified
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