If your goal is to earn the highest wage possible, which of the following industries has the most favorable characteristics?
(1 point)
O A few firms produce a very specialized product. The firms rarely hire new employees, as they require so few.
OA few firms produce a very specialized product, but capital is used instead of labor for much of the production
The firms primarily hire low-skilled workers, if any.
0There are many firms producing very popular products, but the production process is so technical that
properly-trained employees are hard to come by.
0Many firms are producing very popular products, and the simple processes involved in production allow the
firms to hire thousands of low-skilled workers

This is because option C., "There are many firms producing very popular products, but the production process is so technical that properly-trained employees are hard to come by, " shows that since properly-trained employees are hard to get, many firms would not want to lose their best employees.

To retain good employees, many firms in that industry would use better wages or salaries to entice employees to stay.

Some other firms in that industry would also use more money as wages or salaries to entice good employers to their firms.

Hence, in this case, it is concluded that the correct answer is option C.

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FernyBucio FernyBucio · Answer 2 · 2021-11-17T03:27:24+01:00

FernyBucio FernyBucio

17-11-2021

Answer:

There are many firms producing very popular products, but the production process is so technical that

properly-trained employees are hard to come by.

Explanation:

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