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Which is an example of an efficiency wage? Susan gets paid at the market equilibrium rate because her employer doesn't have the resources to analyze
Which is an example of an efficiency wage? Susan gets paid at the market equilibrium rate because her employer doesn't have the resources to analyze labor supply and demand. Because Susan gets paid above the market equilibrium rate, she is motivated to work hard and stay in her job. Susan gets paid below the market equilibrium rate so that her employer can reduce costs. Susan gets paid at the market equilibrium rate so that her employer doesn't compete with other employers
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