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Llanis Llanis
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6 years ago
Suppose 10% of all workers are of high ability. If a firm knows a worker's ability, workers of low ability are paid $20,000 and workers of high ability are paid $30,000. A college degree can signal ability, and the cost of the degree is $11,000. Will there be a pooling equilibrium or a separating equilibrium?
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Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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Llanis Author
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6 years ago
This helped my grade so much Perfect
joyceess
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Yesterday
Thanks
foxrcng11
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Brilliant ツ
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