5. biased evaluation Compare the piece rates in Examples 18.1 and 18.2. Provide an intuitive explanation for
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5. biased evaluation Compare the piece rates in Examples 18.1 and 18.2. Provide an intuitive explanation for their equality in the first setting and inequality in the second. What would likely happen here if, in Example 18.2, the firm also had access to another measure of long-run activities
(e.g., the firm’s security price)?
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