When does the minimum wage law lead to an efficient outcome, Microeconomics

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When does the minimum wage law lead to an efficient outcome

Problem

Does a minimum wage law always lead to unemployment? When does the minimum wage law lead to an efficient outcome in a competitive labour market? Explain with an appropriate diagram.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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