Question: Using the figure below explain how child labor may be modeled using the multiple equilibria approach. Also, discuss how Government intervention may be called for

Using the figure below explain how child labor may be modeled using the "multiple equilibria" approach. Also, discuss how Government intervention may be called for to move to a 'better' equilibrium.

WA Figure 1: Child labor A T WEI WH E WL WE2 0 A' T' E2 DL L

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