Answer to Question #314777 in Macroeconomics for Prem

Question #314777
  1. why firms may offer a higher wage to workers than the equilibrium wage rate.
1
Expert's answer
2022-03-21T12:55:32-0400

Paying workers more than the equilibrium wage for their labor market implies that it is more challenging for workers to track down identical compensation assuming they decide to leave their present positions.


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