3.There are two equally likely types of employees, good with values of $20/hr and bad with values of $10/hr, and the good employees have outside opportunities to make $16/hr while the bad have outside opportunities to make $8/hr, describe the efficient market outcome.Now, assume that employers are willing to pay employees based on the average of their value to the enterprise.What is the equilibrium in this market if employers can't tell good and bad employees apart but can discern average quality?