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  3. suppose the market wage of industry 1 is $9 per ho

Suppose the market wage of industry 1 is $9 per hour and $12 per hour in...

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Economics

Suppose the market wage of industry 1 is $9 per hour and $12 per hour in industry 2. Workers are equally qualified for jobs in both industries. Moreover, suppose workers in industry 2 would prefer working in industry 1 than in industry 2 if wages are equal in both industries. Based on that information, which of the following could be true all else being equal?

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