Problem1 discuss the implications of equilibrium for a, Ask an Expert

Economics

Problem

1. Discuss the implications of equilibrium for a competitive economy containing many regional markets when labor and firms are free to enter and exit the various markets. Why is the resulting allocation of labor efficient?

2. Describe the impact of a payroll tax on wages and employment in a competitive industry. Why is part of the tax shifted to workers?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92762042

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