Present an economic argument to explain why firms often have mandatory retirement (where allowed by law).

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Managerial Economics and Organizational Architecture

ISBN: 978-0073375823

5th edition

Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr

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Question Posted: Apr 11, 2018 06:17 AM

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Present an economic argument to explain why firms often have mandatory retirement (where allowed by law).

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Firms with internal labor markets might find it optimal ...View the full answer

Managerial Economics and Organizational Architecture

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