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For the firm, the major goal of profit sharing plans is to:
For the firm, the major goal of profit sharing plans is to: force workers to incur some of the business risk. overcome the monopsony problem of having to pay higher wages to attract additional workers. overcome the principal-agent problem by better aligning the workers'' interests with those of the firm. reduce total compensation payments.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9981910

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