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The market demand curve for labor is A . affected by the marginal factor cost of labor. B . the horizontal summation of the individual

The market demand curve for labor is

.

affected by the marginal factor cost of labor.

.

the horizontal summation of the individual firms' demand curves for labor.

.

less elastic than the horizontal summation of the individual firms' demand curves because output price changes as total output changes.

.

the vertical summation of the individual firms' demand curves for labor.

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