--%>

Minimum Wage Laws and Monopsony Power

The Minimum wage laws potentially raise both employment and wages if firms: (i) Have monopsony power in the labor market and don’t wage discriminate. (ii) Practice outsourcing across the international borders as labor costs abroad are lower. (iii) Are pure competitors in output market and practice substantial wage discrimination. (iv) Lack monopsony power in the labor market however have significant powers in output market.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Principal-Agent Problems instance An

    An instance of the principal-agent trouble would be:  (i) The student failing an exam since he did not study. (ii) The crook being caught as he made much noise. (iii) My son purchase baseball cards with the money I gave him to purchase milk for t

  • Q : Quantity supply according to Law of

    Can someone please help me in finding out the accurate answer from the following question. The law of supply defines that at: (1) Higher prices greater quantities will be supplied. (2) Lower prices greater quantities will be supplied. (3) Lower prices supply shifts to

  • Q : Feature of constant elasticity demand

    A constant elasticity demand curve as: (w) cannot be negatively sloped. (x) must be a straight line. (y) cannot be a negatively sloped straight line. (z) has a positive slope. I need a good answer on the topic of <

  • Q : Ordinal utility In economics, what is

    In economics, what is ordinal utility and what are its assumptions

  • Q : Increasing cost industries in long run

    When cranberry farming is an increasing constant cost industry and that firm is typical, in that case an increase within the market demand for cranberries will give in a long run equilibrium price as: (i) less than P1. (ii) greater than P2.

  • Q : Determinants of demand affect the price

    For a particular product how do the determinants of demand affect the price?

  • Q : Define autonomous investment Autonomous

    Autonomous investment: Investment that is made up without depending on the gain of the enterprise.

  • Q : Managerial Economics-Error of omission

    Can someone please help me in finding out the precise answer from the following question. The ‘error of omission’ takes place when: (1) Managers pursue policies which outcome in layoffs. (2) Corporations vend more stock than is really available. (3) Manage

  • Q : Right-to-Work Laws I have a problem in

    I have a problem in economics on Right-to-Work Laws. Please help me in the following question. The supporters of unions might complain that right to work laws frequently permit non-union workers to: (i) ‘Free-ride’ by enjoying the union-negotiated advantag

  • Q : Effects of Imperfect information

    Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c