Sometimes wages are set above the equilibrium level whena, Ask an Expert

Economics

Sometimes wages are set above the equilibrium level when

a. unions negotiate higher wages by threatening to strike.

b. accountants earn more than dental technicians due to higher educational requirements.

c. movie superstars earn more than talented plumbers.

d. garbage collectors earn higher wages than secretaries due to compensating differentials.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867112

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