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Question
Which of the following statements is true about the market and individual firmʹs supply curve for labor?
A) The market supply curve is perfectly elastic and the individual firmʹs supply curve is perfectly inelastic.
B) The market supply curve is perfectly inelastic and the individual firmʹs supply curve is perfectly elastic.
C) The market supply curve is more elastic than the firmʹs supply curve.
D) The market supply curve is more inelastic than the firmʹs supply curve.
Answer
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Related questions
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