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Economics

Economic theory unambiguously predicts that total employment will be reduced when an effective minimum wage law is introduced:

A. in a monopsony labor market.

B. in a perfectly competitive labor market if all workers in this market are covered by the minimum wage law.

C. in a perfectly competitive market, even if some workers and firms are not covered by the minimum wage law.

D. under no circumstances

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91823806

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