How high can the minimum wage go before it has a negative effect on employment and why?

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Minimum wage has two different results in perfectly competitive and classical monophony. In case of perfectly competitive market minimum wage is effected by the demand and supply of labor.

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International Business Law And Its Environment

ISBN: 9781305972599

10th Edition

Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge

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Question Posted: Aug 05, 2013 03:40 AM

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How high can the minimum wage go before it has a negative effect on employment and why?

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I the above diagram as the minimum wage is set above the equilibrium wage the d...View the full answer

International Business Law And Its Environment

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