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In a Perfectly Competitive Labour Market,a Business's Labour Supply Curve

Question 67

Multiple Choice

In a perfectly competitive labour market,a business's labour supply curve is:


A) vertical
B) upward-sloping because businesses are price-takers in the resource market
C) represented by the marginal revenue product curve
D) horizontal at the equilibrium wage for labour
E) downward-sloping

Correct Answer:

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