Multiple Choice
Unions might increase efficiency in the case where they
A) Raise the wage for insiders above the competitive equilibrium.
B) Lower the wage of local outsiders.
C) Offset the market power of a large firm that is the dominant employer in a region.
D) Threaten a strike but don't actually follow through so there are no lost hours of work.
Correct Answer:
Verified
Correct Answer:
Verified
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