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whitedreamerz whitedreamerz
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A year ago
For a legislated minimum wage to be binding in a competitive labour market, it must be set

▸ equal to the free-market wage.

▸ above the free-market wage.

▸ such that no worker can earn more than the established minimum wage.

▸ below the free-market wage.

▸ at or below the free-market wage.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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Ranim_SaleemRanim_Saleem
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A year ago
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