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Since the beginning of the COVID-19 pandemic, many firms were forced to reduce production or close all operations. Due to this, a large number of

Since the beginning of the COVID-19 pandemic, many firms were forced to reduce production or close all operations. Due to this, a large number of firms were force to close down .

Discuss the impact on the equilibrium wage rate and the equilibrium level of employment if the number of employers in the market decreases

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