Economic theory unambiguously predicts

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Economic theory unambiguously predicts that total employment will be reduced when an effective minimum wage law is introduced A. in a monopsony labor market. B. in a perfectly competitive labor market if all workers in this market are covered by the minimum wage law. C. in a perfectly competitive market, even if some workers and firms are not covered by the minimum wage law. D. under no circumstances

Reference no: EM131084966

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