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OpenStudy (anonymous):
Why is the equilibrium wage higher for doctors than for convenience store clerks?
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OpenStudy (helder_edwin):
one of the reasons might be that there r less doctors (less offer of labor in that market) than people with the (very low) required skills to be a store clerk. other reason could be that in order to get the required qualifications to be a doctor u need to go to a (good) univesity and usually that is very expensive. so MD graduates would not accept the low equilibrium wage of a store clerk
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