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When the supply curve shifts out (to the right) and the demand curve shifts out (to the right) , the equilibrium price will:
Exclusive Union
A labor union arrangement where only members of the union can be employed by the firm or within a certain industry.
Market Imperfections
Any departure from the ideal conditions of perfect competition that prevents the efficient allocation of resources.
Higher-Paying Jobs
Employment positions that offer wages above the average for a particular industry or region.
High Productivity
An indicator of efficient production, where a high output is achieved with a minimal amount of input or effort.
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