Let's take another look at the minimum wage.   Is the minimum wage a price ceiling or price floor? Show this on a graph.  Point out or describe any inefficiencies with regard to price and quantity. Is the minimum wage similar to any of the models in chp 17? If so which one? Is there a different result for minimum wage, which you outlined in #1, if monopsony or monopsonistic power is injected into the analysis?  What might that be? Show this on your graph. Is there a different result for equilibrium price and wage you outlined in #1.  If so, what would that be ?

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