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What is the primary reason that many automobile manufacturers increased both dealership costs and service standards?
AC Time
A measure of the time that alternating current (AC) takes to complete one cycle, often referenced in electrical and electronic contexts.
Efficiency-Wage Theory
The theory suggesting firms pay wages above the equilibrium to increase worker productivity and reduce turnover.
High-Wage Policy
An economic strategy aimed at maintaining high wage levels for employees, often through minimum wage laws or collective bargaining agreements.
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