This problem set is based on Bailey "`Momma's Got the Pill': How Anthony Comstock and Griswold v. Connecticut Shaped US Childbearing" American Economic Review, 2010, 110:1, 98-129. This question makes use of the datasets bailey_spss.csv. a. What is the main question Bailey is trying to answer? What makes the question difficult?You are a market maker for used iPhone 14. Suppose that I want to sell you a used iPhone 14 for only $100, significantly below the price of a new iPhone 14 ($800) and the price of an used iPhone 14 on eBay ($300). Explain how you can still lose money from this transaction