An increase in the productivity of labor causes
A) quantity supplied by each firm in a competitive industry to decrease.
B) supply in a competitive industry to increase.
C) the market price to increase in a competitive industry.
D) the firm's supply curve to shift but has no effect on the industry supply curve.
Correct Answer:
Verified
Q279: Q280: The perfectly competitive seller's short-run supply curve Q281: In principle, how do we determine a Q282: A perfectly competitive firm is producing zero Q283: The short-run supply curve for a perfectly Q285: If the wage rate increases and firms Q286: The short-run supply curve of a perfect![]()
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