If a Wage-Setting Union Enters a Monopsonistic Labour Market,the Union

question 50

Multiple Choice

If a wage-setting union enters a monopsonistic labour market,the union can cause

• A)wages to rise to what would have been the competitive level but no higher.
• B)wages to rise above the level set by the monopsonist,but only if it allows employment to fall below the level set by the monopsonist.
• C)both wages and employment to rise over the monopsonistic level.
• D)wages or employment to rise above the level set by the monopsonist,but not both.
• E)the level of non-wage benefits to rise but cannot affect either wages or employment.

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