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Which of the following statements best describes the game played by the employer and the employee in the labour discipline model? A The game is
Which of the following statements best describes the game played by the employer and the employee in the labour discipline model? A The game is a simultaneous game in which the employer chooses the wage level and the employee chooses the effort '* ' level simultaneously. (5; The game is a one-off game in which the wage and effort levels are determined once and for all. (f: The worker selects the effort level that balances his desire to keep his job with his desire to not exhaust himself on the job. 0 The employer will attempt to maximise the firm's profits by offering a wage equal to the worker's reservation wage
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