If a Union Is Able to Bargain for a Wage

Multiple Choice

If a union is able to bargain for a wage that is higher than the equilibrium, this means that:

A) all workers will earn a wage equal to their value of marginal product.
B) some excess supply of labor or unemployment will result at this wage rate.
C) compensating differentials will be erased in this market.
D) diminishing returns will not exist in this market.