_____ Occurs When the Employer, on Behalf of the Union

question 49

Multiple Choice

_____ occurs when the employer, on behalf of the union, automatically deducts dues from union member's paychecks.

• A) Augmentation
• B) Agency fee provision
• C) Capitation
• D) Fair share provision
• E) Checkoff provision

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Definitions:

Monopolistic Competition

A market structure characterized by many sellers selling products that are similar but not identical, allowing for limited control over market prices.

Excess Capacity

A situation where a company can produce more goods or services than currently demanded, often leading to inefficiencies and lowered prices.

Monopolistically Competitive

Characterizes a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.

Barriers To Entry

Factors that prevent or hinder the ability of a new competitor to enter an industry or market.