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The figure above shows the market for low-skilled labor in Midland city in a nation to the south. The government sets a minimum wage at
The figure above shows the market for low-skilled labor in Midland city in a nation to the south. The government sets a minimum wage at $6 per hour. With the minimum wage law enacted, the potential loss from job search in Midland city is
A. 60 Million
B. 120 Million
C. 40 Million
D. Zero
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