The marginal productivity theory states that if a firm operates in a perfectly competitive factor market, it pays each factor of production its marginal revenue product. However, this theory may fail to hold if factor markets are not competitive.

One circumstance under which factor markets may fail to be competitive is if there is imperfect information. Which of the following are examples of how information problems can lead to inefficient outcomes? Check all that apply.

a. If a firm can't tell who its most productive workers are, it must pay everyone the same wage.

b. Workers who are actually productive may not be hired if they don't have the credentials required by a screening process.

c. Firms may discriminate against workers or suppliers they don't trust.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; signaling;

answermeasured by how well she or he does the job'; /