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Perfectly competitive firm

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Could a labor union or a minimum wage law efficiently help to raise wages, increase employment, or improve working conditions in a firm that is: a) a perfectly competitive firm in both the product market and the resource market? Explain.
b) an imperfectly competitive firm in both the product market and resource market?
Explain.

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Could a labor union or a minimum wage law efficiently help to raise wages, increase employment, or improve working conditions in a firm that is: a) a perfectly competitive firm in both the product market and the resource market? Explain.
If there is a perfectly ...

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