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Author Question: Which of the following statements about a legislated minimum wage is true? (Read 37 times)

Triley39

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on: Oct 12, 2022
Which of the following statements about a legislated minimum wage is true?
◦ In a competitive labour market, (if effective) it may increase wages and will increase employment.
◦ In a monopsonistic labour market, if set equal to the competitive wage, it will increase wages and employment.
◦ In a monopsonistic labour market, (if effective) it may increase wage rates but it must decrease employment.
◦ It will have the same wage and employment effects in competitive and monopsonistic labour markets.
◦ It will have no effect if the market is monopsonistic.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Triley39 on Oct 12, 2022

Afvelasquez

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Triley39

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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