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What Is an Example of the Duty of Fair Representation

question 7

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What is an example of the duty of fair representation?


Definitions:

Marginal Cost

The additional cost incurred by producing one extra unit of a good or service.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive.

Allocative Efficiency

A state of resource distribution where it is impossible to make any one individual better off without making someone else worse off.

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