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Lalm) r 1. Provide the range of values for the minimum wage at which it is non-binding. That is, it has no effect on the

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Lalm) r" 1. Provide the range of values for the minimum wage at which it is non-binding. That is, it has no effect on the profit maximizing wage and quantity of labor chosen by the monopsonist. 2. Provide the range of values for a minimum wage such that the cafeteria is no longer profitable and shuts down

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