Merger guidelines developed by the Antitrust Division of the U.S. Department of Justice use four-firm concentration ratios as measures of concentration.
Indicate whether the statement is true or false
Question 2
Which of the following is an example of a compensating wage differential?
A) Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills.
B) Nurse anesthetists are paid less than anesthesiologists (who have medical degrees).
C) In the market for lawyers, top graduates from the top programs earn starting salaries that are significantly higher than the starting salaries earned by lower-ranked graduates from the lower-ranked programs.
D) Popular movie stars like George Clooney command much higher salaries than other talented but lesser-known actors.
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