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If the government imposes an effective (binding) minimum wage in the market for unskilled labor, which of the following would occur in the short-run in the product markets in which unskilled labor is employed?

A

Marginal cost would shift downward.

B

Average variable cost would shift downward.

C

Average fixed cost would shift downward.

D

Marginal cost would shift upward.

E

Average fixed cost would shift upward.

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