If a Labor Union Successfully Practices Collective Bargaining Against a Monopsonist

question 42

Multiple Choice

If a labor union successfully practices collective bargaining against a monopsonist, then

• A)product price will decrease.
• B)both wages and employment may rise.
• C)both wages and employment may fall.
• D)workers will probably receive a wage further away from their marginal revenue products.

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Definitions:

Ethernet Port

An RJ-45 port that connects a device to the wired network.

RJ-45

A connector standard predominantly used for Ethernet networking, facilitating wired connections between networked devices.

Antistatic Bag

A plastic enclosure that protects electronic gear from being affected by static charges if the equipment is left exposed.

Motherboards

The main circuit board of a computer, to which all other components connect directly or indirectly.