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Firm A and firm B are competitors and require their employees to do similar jobs. Although firm A and firm B are equal in size and worker characteristics in both firms are the same, workers in firm A work in a rather inhospitable climate as compared to firm B. Assuming that all workers are utility maximizing individuals, they have perfect information about their job characteristics and that sufficient labor mobility exists, which of the following must be true?

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Firm A and firm B are competitors and require their employees to do similar jobs. Although firm A and firm B are equal in size and worker characteristics in both firms are the same, workers in firm A work in a rather inhospitable climate as compared to firm B. Assuming that all workers are utility maximizing individuals, they have perfect information about their job characteristics and that sufficient labor mobility exists, which of the following must be true?





 
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