Multiple Choice
If the United Auto Workers successfully negotiates a wage that is higher than the competitive wage,
A) there is no excess supply of labor because everyone who wants to work at the union wage can get a job
B) there is no excess demand for labor because everyone who wants to work at the union wage can get a job
C) the union must ration the available jobs
D) all workers are better off
E) more workers are employed than at the competitive wage
Correct Answer:

Verified
Correct Answer:
Verified
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