Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 15 - Wage Determination - Appendix - Disscussion Questions: 5

Answer

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Work Step by Step

The exit mechanism allows dissatisfaction to be seen when employees quit, but the voice mechanism allows employees to voice their concerns to management. The benefit of the latter is that the firm can learn employees' feelings without having to lose good employees.
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