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Market Structure and the Wage Jobs Trade-off

ByHomework Help Classof1

"The major factor in the trade-off between wages and employment is the output effect. An increase in the wage increases the product price and decreases the firms output, so the firm hires fewer workers. When will the output effect be relatively large? "

Details

Publication Date
Apr 30, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Homework Help Classof1

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Format
PDF

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