Discuss the importance of analyzing competition within an industry to better appeal to potential candidates.

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ECN 601 Week 6 Discussion 1

Discuss the importance of analyzing competition within an industry to better appeal to potential candidates. How can an organization use incentives to ensure it appeals to the employees it wants to hire?

ECN 601 Week 6 Discussion 2

Discuss how wages are determined in labor markets. Explain how a monopsony market structure is affected by a price floor (minimum wage), and what is the effect of the monopsony of the local economy?

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