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CAN YOU EXPLAIN HOW DOES EQUITY AND TOURNAMENT APPLY WHEN DETERMINING THE SALARY OF EMPLOYEES IN SIMILAR ROLES (MEANING IF ONE HAS MORE SENIORITY THAN

CAN YOU EXPLAIN HOW DOES EQUITY AND TOURNAMENT APPLY WHEN DETERMINING THE SALARY OF EMPLOYEES IN SIMILAR ROLES (MEANING IF ONE HAS MORE SENIORITY THAN ANOTHER)? AND WHAT IS INSTITUTIONAL THEORY?

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