The firm's income would be the factor that would mostly influence on an individual firm's wage determination decision while hiring workers in a free market economy.
What is the income of a firm?
This is the term that is used to refer to the gains or the profit that the firm is making. It is from the income that the workers usually get to be paid their wage.
Hence this is a very important factor that is considered when the workers are to be hired in a free market.
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