When Workers Unionize, They

question 2

Multiple Choice

When workers unionize, they

• A) compete with one another in selling their services.
• B) make individual wage negotiations with the company.
• C) become employees of the union, rather than the company.
• D) sell their labor services collectively.

---

Definitions:

Fast-Food Industry

The fast-food industry comprises businesses that serve quick service food items over the counter or via drive-thrus, often emphasizing speed, convenience, and affordability.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Total Revenue

Total Revenue is the full amount of income generated by the sale of goods or services before any costs are deducted.

Perfectly Elastic Demand

Demand in which quantity drops to zero at the slightest increase in price.