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Many factors affect supply and demand such as non-monetary factors. How reliable is supply and demand when determining the prevailing wage and the effect of

Many factors affect supply and demand such as non-monetary factors. How reliable is supply and demand when determining the prevailing wage and the effect of the equilibrium wage especially when they're outside of the market system? Is it possible to utilize non-monetary and incentive factors (non-monetary parameters) for prevailing wage in order toattract and retain employees?

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