Question: 4. Compare the equilibria. The post-minimum-wage equilibrium is the same as the competitive equilibrium determined by the intersection of the demand and supply curves. Workers

4. Compare the equilibria. The post-minimum-wage equilibrium is the same as the competitive equilibrium determined by the intersection of the demand and supply curves. Workers receive a higher wage, and more people are employed than in the monopsony equilibrium. Thus, imposing the minimum wage helps workers and hurts the monopsony.

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