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A Competitive Industry Hires 1000 Workers

Question 12

Multiple Choice

A competitive industry hires 1000 workers.The 1000th worker adds $500 a week to their employer's revenue.If a monopoly took over the industry,then the 1000th worker would likely


A) add less than $500 a week to their employer's revenue.
B) still add $500 a week to their employer's revenue.
C) add more than $500 a week to their employer's revenue.
D) uncertain; it depends on the shape of the demand curve for output.

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