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Question
A monopolist will hire fewer workers than a competitive firm, other things being equal, because
A) the monopolist exploits labor and other types of producers do not.
B) the monopolist must take account of the declining product price that must be charged in order to sell more units of the product.
C) the monopolist is more efficient.
D) diminishing marginal productivity of labor is more severe for a monopolist.
Answer
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Related questions
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