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If the equilibrium wage is above the actual wage
Joint Tenancy
Joint tenancy is a form of property co-ownership where two or more parties share equal ownership and rights to the entire property, with a right of survivorship.
Tenancy
An arrangement where an individual occupies land or property rented from a landlord.
Will
A legal document that outlines how a person's assets will be distributed after their death.
Intestate
Having died without leaving a valid will.
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