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    Microeconomics Study Set 23
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    Exam 17: Markets With Asymmetric Information
  5. Question
    Ford Motor Company Was One of the First Major Companies
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Ford Motor Company Was One of the First Major Companies

Question 2

Question 2

Multiple Choice

Ford Motor Company was one of the first major companies to adopt a wage structure that is comparable to efficiency wages. What was the outcome of Ford's experiment with efficiency wages?


A) Lower labor force turnover
B) Higher labor productivity
C) Less absenteeism
D) all of the above

Correct Answer:

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