Explain each of the following phenomena using the invisible hand or social or political forces: a. Firms

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Explain each of the following phenomena using the invisible hand or social or political forces:

a. Firms often pay higher than market wages.

b. Wages don’t fluctuate much as unemployment rises.

c. Pay among faculty in various disciplines at colleges does not vary much although market conditions among disciplines vary significantly.

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 14, 2024 04:00 AM

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Explain each of the following phenomena using the invisible hand or social or political forces: a. Firms

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Microeconomics

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