Wersquove seen that monopolistically competitive firms will, Ask an Expert

Economics

We’ve seen that monopolistically competitive firms will try to differentiate their products in order to eliminate substitutes. Are there comparable measures that can be taken in labor markets to decrease the number of “substitutes” for some types of labor? If so, what are the measures? Can you provide an example?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709195

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