If we assume competitive labor markets, the supply curve of labor when the firm is a monopoly is
A. horizontal.
B. upward sloping.
C. vertical.
D. downward sloping.
Answer: A
You might also like to view...
For supply-side inflation to occur in the long run
A) the long-run aggregate supply curve has to shift to the left. B) the aggregate demand curve has to shift to the left. C) the long-run aggregate supply curve has to shift to the right. D) the aggregate demand curve has to shift to the right.
The larger the fraction of an investment financed by borrowing
A) the greater the potential return and the smaller the potential loss on that investment. B) the smaller the potential return and potential loss on that investment. C) the greater the potential return and potential loss on that investment. D) the smaller the potential return and the greater the potential loss on that investment.