If it is not possible to prevent others from sharing in the benefits of a good's consumption, we say that the good

If external benefits are taken into account in the market

A) the demand curve would shift to the left. B) the supply curve would shift to the left. C) the demand curve would shift to the right. D) the supply curve would become vertical.

The major reason the market demand curve for labor slopes downward is because:

a. at lower wage rates, workers are less willing to supply labor to the market. b. at lower wage rates, workers are more willing to supply labor to the market. c. of the law of diminishing marginal product d. of the law of diminishing marginal resource cost.