Monopoly, Competition & Labour Market Mcqs

Q.  Union might increase efficiency in the case Where they ?

a. Raise the wage for insiders above the competitive equilibrium
b. Lower the wage of local outsiders
c. Offset the market power of a large firm that is the dominant employer in a region
d. Threaten a strike but don’t actually follow through so there are not lost hours of work


ANSWER: See Answer
 
No explanation is available for this question!
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