After reading Sections 21.2 and 21.3, a student complains: The world doesn't work this way. Once an

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After reading Sections 21.2 and 21.3, a student complains: "The world doesn't work this way. Once an employee spends some time at a firm, her employer will learn her true ability and treat her accordingly." Does this criticism undermine the analysis and conclusions presented in this chapter? Why or why not?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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