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    Economics Today Study Set 1
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    Exam 29: Unions and Labor Market Monopoly Power
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    -Refer the Above Figure
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-Refer the Above Figure

Question 202

Question 202

Multiple Choice

  -Refer the above figure. Suppose the union sets the wage rate that will maximize the total income for the members who work. The total wages will be A)  W1iL4O. B)  W2aL3O. C)  W3bL2O. D)  W3bhW1.
-Refer the above figure. Suppose the union sets the wage rate that will maximize the total income for the members who work. The total wages will be


A) W1iL4O.
B) W2aL3O.
C) W3bL2O.
D) W3bhW1.

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