Problem
1. Suppose a firm is a perfectly discriminating mon-opsonist. The government imposes a minimum wage on this market. What happens to wages and employment?
2. What happens to wages and employment if the government imposes a payroll tax on a non-discriminating mon-opsonist? Compare the responses in the mon-opsonistic market to the responses that would have been observed if the market were competitive.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.