Multiple Choice
Which of the following is correct?
A) In unionized industries,wages are below the level that would prevail in competitive markets.
B) The introduction of a union in an industry increases the quantity of labor demanded in that industry,causes some workers in that industry to be unemployed,and increases wages in the rest of the economy.
C) Critics argue that the allocation of labor resulting from unions is both inefficient and inequitable.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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