Now determine the firm's demand curve for labor, assuming that it is selling in an imperfectly competitive market and that, although it can sell 17 units at $2.20 per unit, it must lower product price by 5 cents in order to sell the marginal product of each successive labor unit Instructions: For marginal product, enter your answers as a whole number. For all other answers, round your answers to 2 decimal places Imperfectly Competitive Market Marginal Product Product Price Total Revenue Units of Labor Total Product Marginal Revenue Product 0 $ 0.00 1 2 0 17 31 43 17 14 12 3 4 10 5 53 60 65 2.00 $ 120.00 7 s 5 6 Compare this demand curve with the one derived in a competitive market. Which curve is more elastic? Competitive market