Question

In an imperfectly competitive labor market, the cost of labor inputs and the value of the products sold will _________ vary as more or less labor is hired.

Answer 1

Both

Step-by-step explanation:

To expand benefits, a monopolist will enlist labourers up to the point where the minor expense of work rises to their work request. This outcomes in a lower level of work than a focused work market would give, yet in addition a lower balance wage. Low unemployment rate will lead to low sales and productivity.