A monopolist will hire fewer workers than a perfectly competitive firm because

A) the marginal product curve decreases as additional units of labor are hired for a monopoly but not for a competitive firm.
B) there is a variety of employers in a competitive market and only one in a monopoly.
C) marginal revenue is greater than price for a monopoly while marginal revenue is equal to price for a competitive firm.
D) to sell an additional unit of the good the competitive firm will keep the price the same while the monopolist must lower it on all units sold.

D

Economics

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Why is it inefficient to be overinformed?

What will be an ideal response?

Economics