... found on the pages of standard economics textbooks.6 In those texts, wages are determined by market conditions, namely, the forces of supply and demand, and demand and supply (often depicted ... Equilibrium Supply and demand represent the two sides of the market—sellers and buyers. By plotting the supply and demand curves together, as in Figure 2.5 we can predict how buyers and sellers will ... more and more responsibility, gain more discretion over more firm resources, and have more opportunities to misuse firm resources. In order to deter the misuse of firm resources, the firm needs...