A firm uses labor and capital in its production process, and it faces competitive markets for its inputs and output. The firm’s long-run labor demand curve

A) intersects with the short-run labor demand curve in several points.
B) is exactly identical to its short-run labor demand curve.
C) is steeper than its short-run labor demand curve.
D) is flatter than its short-run labor demand curve.

ANSWER:

D) is flatter than its short-run labor demand curve.