Which Statement Best Defines Collective Bargaining

question 145

Multiple Choice

Which statement best defines collective bargaining?

• A) It is the process by which the government sets exemptions from the minimum-wage law.
• B) It is setting the same wage for all employees to prevent jealousy among workers.
• C) It is the situation when firms collude to set the wages of employees in order to keep them below equilibrium.
• D) It is the process by which unions and firms agree on the terms of employment.

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