Explain why a minimum wage creates an inefficient allocation of labor resources.

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:03 AM

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Explain why a minimum wage creates an inefficient allocation of labor resources.

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A competitive labor market allowed to reach its equilibrium creates an efficient allocation of re...View the full answer

Microeconomics

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