Multiple Choice
Use the following setup for question
Consider a non-strategic game between a firm and its union.The value to the firm of getting the workers back to work is $5 million.The union's agreement value to get back to work is $5 million.The firm can hire nonunion workers,"scabs",so their disagreement value is 1 million and the union members can find temporary employment elsewhere,making the unions disagreement value $2million.
-The firm would have a better bargaining position if
A) The firm can easily replace the workers with machinery
B) The workers are a critical part of the production process
C) The workers are highly specialized and would not find employment elsewhere easily
D) Both A&C
Correct Answer:
Verified
Correct Answer:
Verified
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