Why can we conclude that costco is paying efficiency wages


Problem

Costco typically pays its workers higher wages than does Wal-Mart. One analyst argues that Costco pays higher wages "because it requires higher-skilled workers to sell higher-cost products to more affluent customers." If this analyst is correct, can we conclude that Costco is paying efficiency wages and Wal-Mart is not? Briefly explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why can we conclude that costco is paying efficiency wages
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