Which of the Following Is Least Likely an Appropriate Bargaining

question 35

Multiple Choice

Which of the following is least likely an appropriate bargaining unit?

• A) all teachers in a particular state
• B) all workers at a particular plant of a company that has four other similar plants
• C) all the maintenance workers at a single plant
• D) the production workers at one plant and the maintenance workers at another company's plant
• E) all the production workers at a company's six plants located in six states

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Definitions:

Price Leadership

A market strategy where one leading company sets the price of goods or services, and other companies in the sector follow suit.

Covert Collusion

An implicit, non-public agreement between firms to fix prices, limit production, or divide markets, without explicit communication.

Allocative Efficiency

A state of the economy where resources are allocated in a way that maximizes the overall benefit to society.

Productive Efficiency

Occurs when a good or service is produced at the lowest possible cost, utilizing all resources efficiently.