Which of the Following Is True of Labor Markets

Multiple Choice

Which of the following is true of labor markets?

A) The union can never acquire monopoly power over the labor supply.
B) The union supplies the labor,but the contract has no authority on fixing its price.
C) Unions stay away from employers that have power to influence prices in the product market and/or wages in the labor market.
D) A contracted wage elasticizes the labor supply at the negotiated rate.