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With profit sharing , a partner chooses effort to equate the marginal cost of effort to his or her share of the firm's profit. the
With profit sharing , a partner chooses effort to equate the marginal cost of effort to his or her share of the firm's profit. the price of the firm's product. the sum of the profit shares across all partners. his or her profit share times the value of the marginal product of effort
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
