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Author Question: The idea that paying higher wages attracts a more talented labor pool is called the a. winner's ... (Read 67 times)

EY67

  • Hero Member
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  • Posts: 531
on: Jun 30, 2018
The idea that paying higher wages attracts a more talented labor pool is called the
 a. winner's curse
  b. efficiency wage theory
  c. marginal productivity theory
  d. lemons problem
  e. theory of the second best

Question 2

If every firm is a price taker, then which of the following characteristics does their industry have?
 a. large number of sellers
  b. many versions of the product
  c. limited resource mobility
  d. few consumers
  e. market power


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whitcassie

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


EY67

  • Member
  • Posts: 531
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

mcarey591

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  • Posts: 365
Reply 3 on: Yesterday
Excellent

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