Re:A New Way to Learn Economics
by icebraining on Tuesday September 12, 2017 @06:47AM
(#15226224)
I took a basic Econ 101 class and they did model monopolies. Where are they not used?
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Every time somebody claims that raising minimum wage inevitably raises unemployment. Sure it does under assumptions of perfect competition but most labour markets are closer to monopsomy in this respect and the evidence is very mixed.