The Following Figure Represents the Equilibrium in the Labor Markets

The following figure represents the equilibrium in the labor markets. Figure 28.4 In the figure,
MFC: Marginal Factor Cost curve
D: Demand or the Marginal Revenue Product curve
S: Supply curve
According to Figure 28.4, if the government imposes a minimum wage of W₁, what quantity of labor will a competitive labor market hire?

A) Q₁
B) Q₂
C) Q₃
D) Less than Q₂
E) Greater than Q₃