Minimum-wage legislation is less likely to have adverse, Business Economics

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Minimum-wage legislation is less likely to have adverse

Minimum-wage legislation is less likely to have adverse effects on employment when the:

affected labor market is monopsonistic.

economy has high unemployment.

derived demand for labor is shifting to the left.

affected labor market is perfectly competitive.

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Business Economics: Minimum-wage legislation is less likely to have adverse

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Business Economics: Minimum-wage legislation is less likely to have adverse

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