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At many colleges and universities, adjunct (part-time) faculty do not belong to a union. Explain what would happen to faculty wages and employment at a university if the adjunct faculties successfully unionized.
Smith-Lever Act
A 1914 United States legislation that established a system of cooperative extension services, connected to the land-grant university system, to disseminate information about agriculture, home economics, public policy/government, leadership, 4-H, economic development, and many other related subjects.
Monopoly Power
The ability of a company or entity to control the market for a particular good or service, enabling them to set prices or terms of sale without competition.
Clayton Act Section 7
A provision of U.S. antitrust law that prohibits mergers and acquisitions that may substantially lessen competition or tend to create a monopoly.
Lessening Competition
refers to actions or agreements that reduce the level of competition in a market, potentially leading to monopolies or oligopolies.
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