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Author Question: If productivity increases as wages increase and firms pay a wage above the market clearing wage, then (Read 75 times)

kwoodring

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on: Apr 19, 2019

If productivity increases as wages increase and firms pay a wage above the market clearing wage, then


◦ these firms will go out of business in the long run because they will not be able to compete with firms paying lower wages.
◦ these firms will face an excess demand for labor and will be able to hire the best workers in the market.
◦ these firms will have lower profit levels than their competitors.
◦ a potential benefit these firms may receive is a reduction in employee turnover.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by kwoodring on Apr 19, 2019

234sdffa

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kwoodring

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

bimper21

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Reply 3 on: Yesterday
Wow, this really help

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