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13) If the wage rate increases: a purely competitive and an imperfectly competitive producer will both hire less labor.

13) If the wage rate increases: A. a purely competitive and an imperfectly competitive producer will both hire less labor. B. an imperfectly competitive producer will hire less labor, but a purely competitive producer will not. C. a purely competitive producer will hire less labor, but an imperfectly competitive producer will not. D. an imperfectly competitive producer may find it profitable to hire either more or less labor.

13) If the wage rate increases:A. a purely competitive and an imperfectly competitive producer will both hire less labor.B. an imperfectly competitive producer will hire less labor, but a purely…

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