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An important assumption that is made when arriving at the conclusion that a price floor (such as minimum wage) will lead to dead-weight loss (unemployment)

An important assumption that is made when arriving at the conclusion that a price floor (such as minimum wage) will lead to dead-weight loss (unemployment) is: a) There is too much regulation in the market b) The markets are competitive c) The markets are not competitive d) There is too little regulation in the market

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