Chapter Six Notes

Firms eliminate the need for every worker to

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Unformatted text preview: portant and would be sorely missing if workers operated independently. Firms eliminate the need for every worker to negotiate every task that he or she will perform, and bargain over the fees that will be paid for those tasks. Firms can avoid this kind of bargaining by having managers that direct the production of salaried workers—they tell workers what to do and when to do it, and the workers (as well as the managers themselves)...
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This note was uploaded on 03/08/2013 for the course ECON 326 taught by Professor Hulten during the Spring '08 term at Maryland.

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