A firm has more discretion over its internal wage


A firm has more discretion over its internal wage structure:

(a) the more competitive is the labor market it operates in.

(b) the smaller is the indeterminacy of wages.

(c) the more important are firm-specific forms of on-the-job training.

(d) the greater are the number of job clusters in their internal labor market.

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Business Economics: A firm has more discretion over its internal wage
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