If the market equilibrium wage for entry-level fast-food workers is $10 an hour, while the minimum wage is $8, what impact does the minimum wage have in this industry?
a. The minimum wage motivates more fast-food workers to seek jobs.
b. The minimum wage has no effect in this market.
c. The minimum wage encourages fast-food companies to hire fewer workers.
d. The minimum wage increases unemployment among fast-food workers.
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