The government sets a minimum wage above the current equilibrium wage. What effect does the minimum wage

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The government sets a minimum wage above the current equilibrium wage. What effect does the minimum wage have on the market equilibrium? What are its effects on consumer surplus, producer surplus, and total surplus? Who are the consumers and who are the producers?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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