Use the Figure Below to Answer the Following Questions

question 32

Multiple Choice

Use the figure below to answer the following questions.

Figure 17.3.2
-Figure 17.3.2 shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture. The equilibrium in an unregulated market is

• A)0 goats.
• B)40 goats.
• C)50 goats.
• D)55 goats.
• E)35 goats.

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Definitions:

Unfair Labor Practices

Actions by employers or unions that violate workers' rights or the legal rules governing labor relations.

Exclusive Representation

The legal right of a chosen union to represent all employees in a bargaining unit in negotiations with the employer, regardless of whether every employee is a union member.

Wagner Act

Another name for the National Labor Relations Act of 1935, which established the legal right for workers to join unions and engage in collective bargaining in the United States.

Secret Ballot Elections

A voting method that ensures privacy for voters, allowing them to cast their vote anonymously to prevent influence or coercion.