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Transmitting signals with fiber optics is faster than using solid wires.
Compensating Differences
Wage differentials that compensate employees for the desirability or undesirability of a job due to various factors, such as risk, effort, or location.
Age-Earnings Data
Information that correlates individuals' ages with their earnings to analyze economic patterns.
Higher-Educated Workers
Employees who have completed advanced levels of formal education, typically resulting in higher skill levels and wages.
Market Imperfection
Any deviation from the ideal conditions of a fully competitive market, which may lead to inefficient market outcomes.
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