If Workers Are Homogeneous and Face a Monopsonist

question 26

Multiple Choice

If workers are homogeneous and face a monopsonist,

• A) they are likely to want to form a union.
• B) they are likely to want to negotiate one-on-one with their employer.
• C) it is likely that half will want to form a union, half will not.
• D) they are likely to move to another town.

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Definitions:

Legal

According to the principles of law; according to the method required by statute; by means of judicial proceedings; not equitable.

Statute Violation

An act or omission that goes against a law enacted by a legislative body, potentially leading to legal penalties.

Enforced Agreements

Contracts or legal agreements that are recognized by law as valid and are subject to enforcement through legal processes.

Legislature

A government agency authorized to create, modify, and abolish regulations within a specified territory.