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A signal is: what is given up in order to do something. an action taken to credibly convey information that is hard for someone else
A signal is: what is given up in order to do something. an action taken to credibly convey information that is hard for someone else to verify. gained as a result of acquiring education. paid due to differences in the job, not the worker.An implication of monopsony power is that if wages are raised by minimum wage laws, it will: lead to less employment. not necessarily lead to less employment. lead to more employment. decrease labor supply
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