Statement 1: "Firms using internal labor market often appreciate the fact that their employees have incentive to make the firm look good and rarely publicly criticise it." Statement 2: "Employees in firms using internal labor markets often spend more time lobbying for promotions than do employee in firms that hire on the spot market." Statement 1 is true, but 2 is false Statement 2 is true, and 1 is false Both statements are true Both statements are false

Statement 1: "Firms using internal labor market often appreciate the fact that their employees have incentive to make the firm look good and rarely publicly criticise it." Statement 2: "Employees in firms using internal labor markets often spend more time lobbying for promotions than do employee in firms that hire on the spot market." Statement 1 is true, but 2 is false Statement 2 is true, and 1 is false Both statements are true Both statements are false

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.8P

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