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When a Minimum Wage Is ________,The Firms' Surplus and Workers

Question 110

Multiple Choice

When a minimum wage is ________,the firms' surplus and workers' surplus shrink,a deadweight loss ________,and resources are lost in job search.

A) inefficient; arises
B) inefficient; disappears
C) efficient; arises
D) efficient; disappears
E) nonexistent; arises

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