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A-Level CAIE Economics A28.3.8—Wages in imperfect labour marketsQuestion Bank

8.3.8—Wages in imperfect labour markets

• Wage determination in imperfect markets:

- influence of trade unions on wage determination and employment in a labour market

- influence of government on wage determination and employment in a labour market using a national minimum wage

- influence of monopsony employers on wage determination and employment in a labour market

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