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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