Question

You are on the board of directors of a private high school, which is hiring new tenth-grade science teachers. As you think about hiring someone for a job, what are some mechanisms you might use to overcome the problem of imperfect information?

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Since labor market suffers from the problem of imperfect competition, following criteria will be used to hire a suitable candidate for the post:

*  Certification in teaching course  
*  Prior Experience: in teaching which helps assess the capabilities of the candidates
*  References: from colleagues and seniors for better assessment of inter personal skills
*  Any notable awards or ratings or other signal of teaching evaluation

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