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What does the supply of labor look like for a) an individual and b) for an entire labor market? Why? How do the income and
- What does the supply of labor look like for a) an individual and b) for an entire labor market? Why?
- How do the income and substitution effects affect how much labor individuals are willing to supply as wages change? (this helps answer #5a - individual labor supply)
- How has monopsony power affected wages in the US?
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