Question: Under Isolation, the wage is $ 4 0 during high demand and $ 2 0 during low demand. The workforce remains the same at 5
Under Isolation, the wage is $ during high demand and $ during low demand. The workforce remains the same at workers, because of inelastic supply of labor.Under cluster, the wage is constant at $ regardless of whether the demand is high or low; this is because of perfect elasticity of the supply of labor. The workforce is workers during low demand and workers during high demand. please draw the graths.
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