Paying labour with piece rate wages is a strategy that can reduce the agency costs of the ﬁrm.

Name: Paying labour with piece rate wages is a strategy that can reduce the agency costs of the ﬁrm.
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Paying labour with piece rate wages incentivizes workers to be more productive and efficient, reducing the need for supervision and monitoring by the firm. This can result in lower agency costs for the firm.

Paying Labour with Piece Rate Wages Is a Strategy That