How would the wage rate be determined

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Question: Miner Sacks 17,000 Workers Over Pay Dispute Impala Platinum has sacked 17,000 South African miners at its Rustenburg mine because they took part in an illegal strike. The miners refused to have their union negotiate in the two-week pay dispute with the world's second-largest platinum producer. Mining provides a quarter of all jobs in Rustenburg.

How would the wage rate and employment for the Rustenburg miners be determined in a competitive market?

Reference no: EM132117699

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