Which auctioned good is more likely to have different private values across potential bidders?

Any firm that operates in an imperfectly competitive market faces a downward-sloping demand curve for its product

Indicate whether the statement is true or false

Which of the following is not true about the demand curve for labor of a competitive firm? a. As the wage rate the firm pays decreases, the quantity of labor it demands (employs) increases

b. It shows how much labor the firm is willing to employ at different wage rates. c. It is identical to the marginal revenue product curve of labor. d. The wage rate exceeds the workers' opportunity costs. e. It is downward sloping.