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Attain new equilibrium in purely competitive labor market

When this purely competitive labor market is primarily in equilibrium at D0L, S0L and after that excessive job safety standards are imposed through law, a new equilibrium will be attained at: (1) D0L, S0L. (2) D2L, S2L. (3) D2L, S0L. (4) D1L, S1L. (5) D1L, S2L.

2104_Labor Market Equilibria problem.png

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