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Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368 Exercise 11
a. What happens to wages and employment if the government imposes a payroll tax on a monopsonist Compare the response in the monopsonistic market to the response that would have been observed in a competitive labor market.
b. Suppose a firm is a perfectly discriminating monopsonist. The government imposes a minimum wage on this market. What happens to wages and employment
b. Suppose a firm is a perfectly discriminating monopsonist. The government imposes a minimum wage on this market. What happens to wages and employment
Explanation
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Monopsony :
Monopsony can be defined as ...
Labor Economics 5th Edition by George Borjas
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