How would the wage rate and employment for the Escondida miners be determined in a competitive market?
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How would the wage rate and employment for the Escondida miners be determined in a competitive market?
Workers at BHP Billiton’s Escondida mine in Chile, the world’s largest copper mine, have been strengthened by new labor laws and are striking for higher pay. This strike and another at the world’s secondlargest mine in Indonesia have sent the price of copper to a 20-month high.
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