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Can you help me answer these set of questions. 1. Consider the behavior of a firm that has market power in the market for the

Can you help me answer these set of questions.

1. Consider the behavior of a firm that has market power in the market for the labor that it uses as an input.

a. What is the tradeoff that it faces in its hiring decisions?

b. drawn and fully labeled diagram to illustrate the firm's hiring decision. Show the deadweight loss that results from the firm's market power.

c. Describe how the market outcome is likely to be affected by a labor union that sets a minimum wage rate in the market. Will the union make the market more efficient or less efficient?

d. what are the TECHNOLOGY AND WAGE INEQUALITY: THE FOUR-STEP PROCESS

e. what are THE MINIMUM WAGE AS AN EXAMPLE OF A PRICE FLOOR

f. What's the harm in raising the minimum wage?

g. Show all the tables and diagrams used in these set of questions./

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