Question: A legal minimum wage in ________ can __________ because _________ a)a competitive labour market; increase unemployment; a change in unemployment implies an equal and opposite

A legal minimum wage in ________ can __________ because _________

a)a competitive labour market; increase unemployment; a change in unemployment implies an equal and opposite change in employment

b)a monopsonistic labour market; increase employment; it reduces Marginal Factor Cost (MFC)

c)a competitive labour market; create no change in unemployment; in some cases the reduction inemployment equals the increase in labour supply

d)a monopsonistic labour market; increase employment; the legal minimum is less than the market wage ofthe profit-maximizing monopsonist

e)Both (a) and (d)

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