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In an industry where firms use workers with different personality traits to produce a product. Workers vary in their personality traits, and these can be

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In an industry where firms use workers with different personality traits to produce a product. Workers vary in their personality traits, and these can be divided into 12 types along a wheel. Firms enter the market with a specific required personality trait. If a worker's personality trait does not match the firm's desired personality trait, the firm incurs an adaptation cost to close the gap, with a cost of $3 for each unit of personality shift. For example, to go from trait #2 to trait #4, the cost is $6. Given the scale economies in the industry, each firm manages three workers. The gross wage is $20. 1. Company A has six workers, equally spaced on the personality trait wheel at 12:00, 2:00, 4:00, etc. There will be firms in the city, with firm A at 12:00 and the other firm or firms at 2. Illustrate with a graph 3. For the typical firm, the average mismatch is trait units and the average adaptation cost is The average net wage after adaptation costs is 4. Company B has twice as many workers as Company A. It will have ___firms. The average adaptation cost is The average net wage after adaptation costs is In an industry where firms use workers with different personality traits to produce a product. Workers vary in their personality traits, and these can be divided into 12 types along a wheel. Firms enter the market with a specific required personality trait. If a worker's personality trait does not match the firm's desired personality trait, the firm incurs an adaptation cost to close the gap, with a cost of $3 for each unit of personality shift. For example, to go from trait #2 to trait #4, the cost is $6. Given the scale economies in the industry, each firm manages three workers. The gross wage is $20. 1. Company A has six workers, equally spaced on the personality trait wheel at 12:00, 2:00, 4:00, etc. There will be firms in the city, with firm A at 12:00 and the other firm or firms at 2. Illustrate with a graph 3. For the typical firm, the average mismatch is trait units and the average adaptation cost is The average net wage after adaptation costs is 4. Company B has twice as many workers as Company A. It will have ___firms. The average adaptation cost is The average net wage after adaptation costs is

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