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Which of the following best illustrates the adverse selection of wage cuts argument for why wages may be sticky? Select the correct answer below: O
Which of the following best illustrates the adverse selection of wage cuts argument for why wages may be sticky? Select the correct answer below: O Firm X lowers wages for some of its workers, which causes some of its best employee to move to other companies. Company ABC cannot reduce wages due to union contracts. Company 123 refuses to lower wages because it needs its "insiders" to remain motivated to keep the company O running. Company Y cannot lower wages below the minimum wage
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