Econ Micro (book Only)
Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
Question
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Chapter 12, Problem 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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