2) Following graph shows non-competitive labor market where MRP represents marginal revenue product of labor and ME represents marginal expenditure of labor. ME Wage rate Supply 25 20 | 15 | | | | | | | I I MRP 20 30 . Quantity of Labor a) Suppose the firm as a buyer of labor in non-competitive labor market, calculate wage rate paid, amount of labor hired, consumer surplus, producer surplus, total surplus, and efficiency loss. b) If this firm lost market power and it were in the purely competitive labor market. Calculate wage rate paid, amount of labor hired, consumer surplus, producer surplus, total surplus