Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

What would be the most likely consequence of introducing a national maximum wage set below the market equilibrium in the labour market for famous television celebrities?

  • Aa reduction in the number of jobs for television celebrities
  • Ban increase in other methods of rewarding television celebrities
  • Cgreater movement of celebrities between television channels
  • Dincreased employment of foreign television celebrities

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