ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 12, Problem 2.4P
To determine
Explain the reason for a permanent wage difference between the market for labour or within the same labour market.
Concept Introduction:
Market for labour: This is a place where employers and employees interact with each other. This refers to the supply and demand for labour where the employers demand and the employees provide the supply.
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