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Like Any Cartel, a Union Is a Group of Sellers

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Like any cartel, a union is a group of sellers acting together in the hope of exerting their joint market power.


Definitions:

Newfoundland

An island off the northeast coast of North America, and one of the provinces of Canada, known for its rugged coastline and unique culture.

Labour Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, working conditions, and benefits.

Work Environment

The setting, conditions, and culture in which employees carry out their job duties.

Co-workers Relationships

The interactions and connections that exist among individuals working together in the same organization.

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