Product differentiation that makes the product better for some consumers and worse for others is

The demand curve for labor slopes down because

A) firms value less efficient workers less than they value more efficient workers. B) firms must lower prices to sell the additional units of its product that the extra workers produce. C) of the law of diminishing marginal product. D) of profit maximizing behavior.

Refer to the diagram for a nondiscriminating monopolist. The profit-seeking monopolist will:

A.  always produce at output q 2 .
B.  always produce more than q 2 .
C.  never produce an output larger than q 2 .
D.  never produce an output larger than q 1 .