Two factories in the same town hire workers with the sam
Question and Solution
Two factories in the same town hire workers with the same skills. Union agreements require factory A to pay its workers
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Two factories in the same town hire workers with the same skills. Union agreements require factory A to pay its workers $10 per hour, while factory B must pay $6 per hour. Each factory hires the profit-maximizing number of workers. Is the allocation of labor between these two factories efficient? Explain why or why not.
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