Refer to the Following Graph, in Which All Product Markets

question 36

Multiple Choice

refer to the following graph, in which all product markets are assumed to be competitive.'




-If all displaced union workers opt to remain in the union sector hoping to be recalled,the area corresponding to the efficiency loss of the union wage increase is:

• A)c'abd'
• B)W_nW_ua c'
• C)eabf
• D)gcdh

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