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7. Suppose that workers can use cheap talk to claim that they have high productivity. Then competitive firms should ignore this cheap talk and pay
7. Suppose that workers can use "cheap talk" to claim that they have high productivity. Then competitive firms should
ignore this cheap talk and pay equal wages to all workers.
pay 80000 to those who claim high productivity, and 40000 to other workers.
pay 80000 to those who claim high productivity, and 60000 to other workers.
none of the above
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