If a Monopsony Must Negotiate with a Union, Then the Wage

question 326

Multiple Choice

If a monopsony must negotiate with a union, then the wage will probably be

• A) more than the value of marginal product.
• B) more than the marginal cost of labor.
• C) the same as if there had been no union.
• D) more than what it would have been without a union but not more than the value of marginal product.

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