The "Monopoly Union" Model Assumes That the Union

question 30

Multiple Choice

The "monopoly union" model assumes that the union:

• A)faces a wage-employment tradeoff,given as the firm's demand for labor curve
• B)will be able to increase both the wages and employment of its members
• C)will attempt to negotiate an "efficient contract" with the firm
• D)attempts to maximize the wage rate

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