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W 10 9 If the product market is competitive and the competitive labour market wage is $2 the firm will hire units of labour in the (short-run/long-run). Answer: JO - N W AU O VOO Submit Answer MRPL * 1 2 3 4 5 6 7 8 9 10 If the firm is a monopolist in the product market, and the competitive L wage is $2, the firm will hire _ labour units. The MRPL curve for a product monopolist is (steeper/shallower) than it would be * if it faced competition in the product market. Answer: This graph shows a firm's If the firm is perfectly competitive, this curve may also be labeled Answer: Submit Answer Submit