Figure 45.4 -In Figure 45.4, When Compared to the Perfectly Competitive Equilibrium

question 42

Multiple Choice

Figure 45.4
-In Figure 45.4, when compared to the perfectly competitive equilibrium, the wage paid to employees as a result of unionization

• A)increases from W* to W'.
• B)decreases from W' to W*.
• C)remains at W'.
• D)remains at W*.

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Definitions:

Holothuroidea

Holothuroidea, commonly known as sea cucumbers, are echinoderms with elongated bodies and leathery skin, representing a major group of the phylum Echinodermata.

Tunicates

Chordates belonging to subphylum Urochordata; sea squirts.

Tadpoles

The aquatic larval stage of amphibians, especially frogs and toads, characterized by gills, a tail, and a later transition to the adult form.

Tunic

In a biological context, a fibrous or cellular covering layer, such as that surrounding certain seeds or the body of sea squirts and other invertebrates.