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If the Wage Rate Paid in the Fast-Food Outlets in a Small

Question 113

Multiple Choice

If the wage rate paid in the fast-food outlets in a small town is greater than the reservation wage of all the teenagers in the town and less than the reservation wage of all the adults, then the fast-food outlets will hire


A) mostly adults and a few teenagers.
B) some adults and some teenagers.
C) only adults.
D) only teenagers.

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