3. The employment of teaching assistants (TAs) by major universities can be characterized as a monopsony. Suppose the demand for TAs is W = 32,000 100N, where Wis the wage in dollars (as an annual salary), N is the number of TAs hired. The supply of TAs is given by W = 2,000 + 50N. A. Ifthe university acted as a perfect competitor, how many TAs would it hire? What wage will it pay? B. If the university takes advantage of its monopsonist position, how many TAs will it hire? What wage will it pay? Compared to the answers in part A where the university is a perfect competitor, what happens to the number of TAs hired and the wage paid when the university becomes a monopsonist? C. What is the deadweight loss from monopsony power in part B