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Answer clearly Which of the following explanations for wage stickiness is consistent with the shirking model? O Above market wages alleviate the problem of imperfect
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Which of the following explanations for wage stickiness is consistent with the shirking model? O Above market wages alleviate the problem of imperfect monitoring to prevent shirking. Unionization of the workforce increases job security, allowing workers to shirk. O Minimum wage laws create opportunities to shirk by allowing workers to have a marginal revenue product (MRP) that is less than their wage. Protective labour laws increases job security, allowing workers to shirkStep by Step Solution
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