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TRUE/FALSE If migration costs increase, the average skill level of migrants goes down. The bonding critique criticizes the model of efficiency wages becauseprofit-maximizing firms should
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- If migration costs increase, the average skill level of migrants goes down.
- The bonding critique criticizes the model of efficiency wages becauseprofit-maximizing firms should never be willing to pay more than the competitive wage.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
