Explain how labor market equilibrium is affected

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Reference no: EM139499

Q1. As long as firms are price takers in the labour market, it doesn't matter if firms are monopolists in the output market because their labour demand curves would coincide with competitive firms anyway.

Q2. Assume that your town decides to levy a tax to raise funds for construction, maintenance, and also other expenses for local schools. Should the tax be proportional progressive or regressive

Q3. • Compare also contrasts public goods, private goods, common resources, also natural monopolies.

• Explain how labor market equilibrium is affected by the supply also demand of labor.

Reference no: EM139499

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