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A tech company pays its software engineers $150,000 annually, even though the engineers' next best job opportunity in the same city pays $110,000. The company observes that its engineers are highly productive and rarely miss deadlines. Which statement best analyzes the economic mechanism behind this high level of effort?
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A tech company pays its software engineers $150,000 annually, even though the engineers' next best job opportunity in the same city pays $110,000. The company observes that its engineers are highly productive and rarely miss deadlines. Which statement best analyzes the economic mechanism behind this high level of effort?
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