Which of the Following Will Limit the Ability of a Union

question 260

Multiple Choice

Which of the following will limit the ability of a union to push the wages of its members much above competitive levels?

• A) The presence of nonunion firms that produce the same product as the unionized labor.
• B) Foreign competition in the market for the product produced by the unionized labor.
• C) A highly elastic demand for the product supplied by the unionized labor.
• D) All of the above.

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