If the Bargaining Power in a Bilateral Monopoly for Labor

question 14

Multiple Choice

If the bargaining power in a bilateral monopoly for labor is relatively greater for the buyer than the seller, the wage is likely to be:

• A) closer to the wage sought by the seller.
• B) closer to the wage sought by the buyer.
• C) closer to the perfectly competitive wage.
• D) equal to the wage sought by the seller.

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