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Ii A monopsonist has a demand for labor function which is given by 100 - 2L and faces a supply of labor which is given

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Ii A monopsonist has a demand for labor function which is given by 100 - 2L and faces a supply of labor which is given by 20 + L. a. What wage does the monopsonist pay? v b. What mandated minimum wage would maximize the employment in this market? v c. At the minimum wage of Part b, what is the dead weight loss? v

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