22. One of the monopolistic features in a monopolistic market structure is the ownership of a unique input Select a correct answer to the question. O YES NO 23 In the case of imperfect competition in a labor market, the marginal factor cost of labor grow faster than the average factor cost, because with an additionally hired worker, it is necessary to increase the wage of all already employed ones. Select a correct answer to the question. YES O 24. The condition of consumer optimum in cardinalist theory is equality of supply and demand. Select a correct answer to the question. O YES O NO 25 Each of two different points on one isoquant, represent the same profit to the firm. Select a correct answer to the question. O YES O NO 26 The shape of an individual labor supply is determined by the labour market equilibrium. Select a correct answer to the question. YES O NO 27. Microeconomic theory assumes that people commit illegal activities rationally, often as a simple comparison of benefits and risks. Select a correct answer to the question. O YES NO 28 The free-rider problem arises in private goods due to non-excludability from consumption. Select a correct answer to the question. YES O NO 29 In the short run, individual demand for labour increases if the price of production increases. Select a correct answer to the question. O O NO