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4 months ago
Which of the following statements is TRUE about the market and individual firm's supply curve for labor?

• The market supply curve is more inelastic than the firm's supply curve.

• The market supply curve is more elastic than the firm's supply curve.

• The market supply curve is perfectly elastic and the individual firm's supply curve is perfectly inelastic.

• The market supply curve is perfectly inelastic and the individual firm's supply curve is perfectly elastic.
Textbook 
Economics Today: The Micro View
Edition: 19th
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4 months ago
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The market supply curve is more inelastic than the firm's supply curve.
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