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b. (10 points) You have been tasked with maximizing the efficiency of this market for labor. You have all the information provided above and the

b. (10 points) You have been tasked with maximizing the efficiency of this market for labor. You have all the information provided above and the power to set the minimum wage to any value,

including $0 (no minimum wage). Discuss what you will set the minimum wage to and explain why this will maximize efficiency in this market.

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