In a perfectly competitive resource market the labor supply curve facing the single firm is
A) vertical.
B) horizontal.
C) downward-sloping.
D) upward-sloping.
B
Economics
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An increase in demand will increase the quantity sold but not the price in a market if:
a. supply is perfectly elastic b. supply is perfectly inelastic c. supply is relatively elastic d. supply is relatively inelastic
Economics
A producer cooperative is a retail business owned and operated by some or all of its customers in order to reduce costs
Indicate whether the statement is true or false
Economics