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.

Question

Quizplus · Accepted Answer

The Answer of 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.

For a Competitive Industry,the Market Input Demand Curve for Labor