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Firms are going to be more likely to follow an efficiency wage strategy, IF a. they are located in areas with high unemployment b. their

Firms are going to be more likely to follow an efficiency wage strategy, IF

a.

they are located in areas with high unemployment

b.

their training expenses for a new hire are much higher than for the average firm's

c.

employees are willing to take some risks

d.

extra/increased effort by your employees yields little in the way of higher productivity or customer satisfaction

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