According to Marshall's Conditions, When Will Unions Have More Power

question 21

Multiple Choice

According to Marshall's conditions, when will unions have more power?

• A) when product markets are very competitive
• B) when it is easy to substitute labour for capital
• C) when there is less competition in the firm's product market
• D) when the market for substitutes is competitive

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Definitions:

Effect Theorists

Individuals or scholars who focus on the consequences or outcomes of actions as the basis for assessing their moral or ethical value.

Character

Represents the ethical and moral qualities or traits inherent in an individual or described within narratives.

Consequences

The results or outcomes of actions or decisions, either positive or negative.

Stress Duties

The emphasis on responsibilities or tasks under conditions that may involve pressure or tension.