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Demand for Labor in Perfect Competition
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Demand for Labor in Perfect Competition
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15. Markets for the Factors of Production / Demand for Labor in Perfect Competition / Problem 5
Problem 5
If a firm's MRP decreases, what is the likely impact on its demand for labor?
A
The demand for labor will remain unchanged.
B
The demand for labor will become unpredictable.
C
The demand for labor will decrease.
D
The demand for labor will increase.
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