An economist states,"In the case of monopsony,a minimum wage can increase the number of persons working,but in the case of perfect competition,a minimum wage decreases the number of persons working." This economist
A) has stated something that is untrue.
B) is trying to hedge his or her bets.
C) is trying to be as precise as possible by stating the conditions under which certain things are predicted to occur.
D) is offering a normative judgment on labor markets.
E) a and d
Correct Answer:
Verified
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