An efficient price is a price set at:

Which of the following firms is most likely to be a monopoly?

A) local restaurant B) local distributor of natural gas C) local book store D) clothing store E) local bank

Employers choose to offer efficiency wages because:

A. it has proven to make workers more productive. B. they give employees an incentive to work hard to keep their jobs. C. it will reduce turnover, saving the employer time and money to hire and train new workers. D. All of these are true.