=+unpaid internships. As a result, the new market equilibrium wage is equal to zero. Draw another supply

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=+unpaid internships. As a result, the new market equilibrium wage is equal to zero. Draw another supply and demand diagram to illustrate this new market equilibrium. As in Figure 5~ 7, include a shaded triangle that represents the deadweight loss from the minimum wage. Using the diagram, explain your findings.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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