Refer to the following figure to answer the following questions.
-Which of the quantity (Q) and price (P) combinations in the accompanying figure represents the market at competitive equilibrium?
Definitions:
Knights of Labor
A 19th-century labor organization in the United States that sought to promote the social and cultural uplift of the workingman, and aimed for an 8-hour workday.
Craft Unions
Labor unions representing workers who have specialized skills or crafts, focusing on improving their members' employment conditions.
Decertification
The process by which a labor union is removed as the representative of a group of workers.
Decertification Election
A formal process through which employees can vote to remove a union as their representative.
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