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Complete the following table with the formula (P1) * (payoff if state 1) + (P2)* (payoff if state 2), where P1 and P2 are the probabilities of state 1 and 2, respectively.
Wagner Act
A foundational piece of US labor legislation passed in 1935, formally known as the National Labor Relations Act, that protects the rights of employees to organize and to bargain collectively.
Collective Bargaining
A good faith meeting between representatives of employees and employers to discuss the terms and conditions of employment.
Taft-Hartley Act
A 1947 U.S. federal law that restricts the activities and power of labor unions.
Union Shop Contracts
Agreements requiring employees to join a union within a certain period after being hired.
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