That statement is true
The purpose of minimum wages is to make sure that every worker in united states (who worked at least 40 days a week) have enough resource to at least sustain the living of their family. So in cases of contradictory occurrence like this, the highest minimum wage will be used over the lower ones
Answer:
Monopolistic competition
Explanation:
If Nori's company decisions need to be made taking the decisions of competing companies into account, it means that Nori's company operates in Monopolistic competition. This is because Monopolistic competition is an economic concept, which presents a situation where a company has several competitors. In this type of market, the decisions of a company in relation to production, distribution and price, interfere in the decisions of its competitors, who need to maintain competition and look for a way to obtain advantages.
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