Both the competitive firm's demand curve for labor and the monopoly firm's demand curve for labor always slope downwards.

Name: Both the competitive firm's demand curve for labor and the monopoly firm's demand curve for labor always slope downwards.
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This is true for both competitive and monopoly firms because as the wage rate increases, the firm's cost of production increases. As a result, the firm will demand less labor as the wage rate increases.

Both the Competitive Firm's Demand Curve for Labor and the Monopoly