Usually the demand for labor decreases (that is, the demand for ...

[lunatika]

Usually the demand for labor decreases (that is, the demand for labor curve shifts leftward) if the
 
  A) wage rate increases.
  B) wage rate decreases.
  C) price of the firm's output rises.
  D) prices of other factors fall.

Question 2

In a sequential contestable market game
 
  A) a small number of firms can behave like firms in perfect competition.
  B) the outcome is always a monopoly equilibrium.
  C) the dominant firm always makes a monopoly profit, while other firms make zero economic profits.
  D) a firm that enters the market first is protected from potential entrants by natural barriers.

[amandalm]

Answer to Question 1

D

Answer to Question 2

A

[lunatika]

Thanks for the timely response, appreciate it

[gcook]

Excellent