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MrGrimey MrGrimey
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6 years ago
If a firm has market power in the output market but buys labor in a competitive market, it will hire the same quantity of labor that a competitive firm will.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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unExpectedunExpected
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Posts: 267
6 years ago
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* Majoring in business & math

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MrGrimey Author
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6 years ago
Smart ... Thanks!
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Yesterday
You make an excellent tutor!
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2 hours ago
this is exactly what I needed
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