An individual firms demand for a factor of production ?
A. is perfectly elastic (horizontal) if the factor market is perfectly competitive
B. Slopes downward because an increase in the production of output reduces the price at which the output can be sold in a competitive market, thereby reducing the value of the marginal producing the value of the marginal product as more of the factor is use
C. Slopes downward due to the factors diminishing marginal product
D. slopes upward due to the factors increasing marginal product
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