Question: Please analyze how the equilibrium in a labor market with a monoposony employer changes if a minimum wage is set at the competitive level.
Provide a well-labeled diagram with your answer, and be sure to analyze the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
Papers should include a title page, writing, and a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.