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Mairoon Mairoon
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6 years ago
If a firm was owned by its employees,
A) there is a higher probability that wage reductions would outweigh layoffs.
B) those in charge would not act any differently than regular owners; there would still be layoffs.
C) those not in charge would remain risk neutral.
D) wage reductions would be lower than if the firm was run for profit.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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ChronosChronos
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6 years ago
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Mairoon Author
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#2
5 years ago
Perfect
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