Find the exact value of the given expression using a sum or difference formula. 
Definitions:
Labor Supply
Labor supply represents the total hours that workers are willing and able to work at a given wage rate, across different employment sectors.
Administrative Fee
A charge by an institution or business for administrative costs, often added to transactions, memberships, or services.
Monopolized Labor Market
A labor market where a single employer significantly controls the market for jobs and wages.
Equilibrium Wage
The wage rate that balances the quantity of labor supplied and the quantity of labor demanded in a labor market.
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