=+labor. What happens to the size of the deadweight loss? The shortage? Illustrate with a diagram. c.

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=+labor. What happens to the size of the deadweight loss? The shortage? Illustrate with a diagram.

c. Assume that the workers who cannot get a job paying at least the minimum wage move into the informal labor market where there is no minimum wage.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 03, 2024 02:00 AM

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=+labor. What happens to the size of the deadweight loss? The shortage? Illustrate with a diagram. c.

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Economics

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