Consider a labor pooling scenario similar to what we've considered in our in person session. labor supply
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Question:
Consider a labor pooling scenario similar to what we've considered in our in person session. labor supply is fixed at L=10 in the isolated location. there are two possible demand conditions a firm could experience
a) if the firm had a 30% chance of experiencing condition A and 70% chance of experiencing condition B would it prefer to be clustered or alone . tell me the expected profit in each condition and explain how you got your answer
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