If a Wage- Setting Union Enters a Monopsonistic Labour Market,the

question 92

Multiple Choice

If a wage- setting union enters a monopsonistic labour market,the union can cause

• A)wages to rise above the level set by the monopsonist,but only if it allows employment to fall below the level set by the monopsonist.
• B)both wages and employment to rise over the monopsonistic level.
• C)the level of non- wage benefits to rise but cannot affect either wages or employment.
• D)wages to rise to what would have been the competitive level but no higher.
• E)wages or employment to rise above the level set by the monopsonist,but not both.

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Definitions:

Michel Foucault

A French philosopher and historian known for his critical studies of social institutions, including the human sciences, prisons, and the history of sexuality.

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