Solved: How high can the minimum wage go before it has a negative, Managerial Economics

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How high can the minimum wage go before it has a negative

1. How high can the minimum wage go before it has a negative effect on employment and why?

Minimum wage has two different results in perfectly competitive and classical mono phony. In case of perfectly competitive market minimum wage is effected by the demand and supply of labor.

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Managerial Economics: How high can the minimum wage go before it has a negative

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Managerial Economics: How high can the minimum wage go before it has a negative

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