Multiple Choice
Which of the following is not correct?
A) When a union is present in a labor market,wages are not determined by the equilibrium of supply and demand.
B) Like any cartel,a union is a group of sellers acting together in the hope of exerting their joint market power.
C) The process by which unions and firms agree on the terms of employment is called a strike.
D) Most workers in the U.S.economy are not members of a union.
Correct Answer:
Verified
Correct Answer:
Verified
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