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QUESTION
The imposition by government of a minimum wage (above the existing wage level) will a) reduce employment in a competitive labor market.
The imposition by government of a minimum wage (above the existing wage level) will
a) reduce employment in a competitive labor market.
b) reduce, raise, or leave unchanged employment in a monopsonistic labor market.
c) result in (a) and (b).
d) reduce employment in any labor market
