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prpnum1 prpnum1
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A year ago
In Newlandia, a large multi-national company sets up shop and begins hiring many managers, increasing the wages for managerial talent in the country, some of whom may have otherwise started their own firms. Holding everything else constant, what would this do to the market for entrepreneurs in Newlandia?

▸ The return to entrepreneur shifts to the right. There are more entrepreneurs and the marginal return to an entrepreneur increases.

▸ The opportunity cost for entrepreneurship shifts down. There are more entrepreneurs and the marginal return to an entrepreneur decreases.

▸ The return to entrepreneur shifts to the left. There are fewer entrepreneurs and the marginal return to an entrepreneur decreases.

▸ The opportunity cost for entrepreneurship shifts up. There are fewer entrepreneurs and the marginal return to an entrepreneur increases.
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Macroeconomics

Macroeconomics


Edition: 3rd
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hhortonhhorton
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A year ago
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prpnum1 Author
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A year ago
this is exactly what I needed
big_larry_samp
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Yesterday
Thanks for your help!!
Morgan-C
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2 hours ago
This site is awesome
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