Paying efficiency wages is a way for a company to cut costs and become more efficient and are therefore lower than market wages.

Name: Paying efficiency wages is a way for a company to cut costs and become more efficient and are therefore lower than market wages.
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Quizplus · Accepted Answer

Paying efficiency wages is actually a way for a company to increase costs in order to motivate employees to be more productive and efficient. These wages are higher than market wages and serve as an incentive for workers to perform better.

Paying Efficiency Wages Is a Way for a Company to Cut