If consumers view the output of any firm in a market to be identical to the output of any other firm in the market, the demand curve for the output of any given firm

The growing importance of international markets and the globalization of economic activity have reduced the importance of antitrust enforcement that focuses primarily on domestic producers

Indicate whether the statement is true or false

At the competitive firm's profit-maximizing quantity of labor:

A. marginal profits are always positive. B. the value of the last worker's marginal product is greater than or equal to marginal cost of that input. C. the average product of labor is equal to the wage rate. D. the value of the last worker's marginal product is less than the marginal cost of that input.