-Refer to the Above Figure

Multiple Choice

-Refer to the above figure. Suppose there are L4 workers in the union. If the union wants to set a wage rate of W3, it must

A) determine which of its members will earn W3 and which will earn W1.
B) accept that L4 - L2 members will not be able to find work in the industry.
C) accept that L3 - L2 workers will have to get a lower wage equal to W2 and L4 - L3 workers will have to get a wage of W1.
D) determine the most efficient way to get the firms to accept the wage and hire all L4 workers.