Explain why each of the following businesses would have an incentive to pay the efficiency wage.
Definitions:
Supporting Confidence
Encouraging and nurturing self-assurance and belief in one's own abilities within individuals or groups.
Personal Qualities
Character traits or attributes that define an individual's personality and behavior.
Self-Knowledge
Insight and awareness of one's own personality, character, strengths, weaknesses, and desires.
Coercive Power
A form of authority that relies on the threat of force or punishment to compel obedience.
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