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In addition to not discriminating on the basis of religion in its hiring practices,an employer is required to:
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the labor market.
Marginal Product
The additional output resulting from a one-unit increase in the use of a particular input, holding all other inputs constant.
Monopsony
A market condition where there is only one buyer for a product or service, giving them significant control over prices.
Hourly Wage
The rate an employee is paid for each hour of work.
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