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Minimum Wages in Monopsonistic Labor Markets 7 лет назад


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Minimum Wages in Monopsonistic Labor Markets

It's common knowledge that minimum wages create unemployment. But in this lesson you'll learn that when a minimum wage is imposed in a market in which a dominant employer sets the market wage rate, more workers may end up being employed at higher wages. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870

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