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Consequences of pay level and pay mix decisions

Question: There are consequences of pay level and pay mix decisions. Identify and briefly discuss each factor. (Labor Market Factors, Product Market Factors, Organizaiton Factors). What pay level does the efficiency wage predict? What pay level does the fairness wage predict? Does the theory accurately predict organization behavior? Why or why not?

I want information for 300 to 400 word essay and any citations please.

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