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According to the research by Burns Vaughan and John Lanzetta,you will feel more empathy for someone with whom you are interacting in person than for someone with whom you are interacting over the telephone because
Monopsonistic Employer
An employer who has significant market power in hiring or purchasing, allowing them to dictate terms to their suppliers, often leading to lower prices or wages.
Bilateral Monopoly
A market in which there is a single seller (monopoly) and a single buyer (monopsony).
Wage Rate
The amount of money paid for a specific quantity of labor, often expressed per hour or year.
Complementary Inputs
Goods or services that are used together in production, where an increase in the use of one leads to an increase in the effectiveness of the other.
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