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I'm struggling in this question, please help me explain. Thank you so much! Explain how the lock-in effect may reduce innovation What is the relationship

I'm struggling in this question, please help me explain. Thank you so much!

Explain how the lock-in effect may reduce innovation
What is the relationship between labor productivity and wage rates?
Explain why employers promote from within their company, rather than hire outsiders.
Why might profit regulation lead to rising costs for the regulated firm?

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