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dskmvld dskmvld
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5 years ago
When unions exist in markets

• firms must have market power in their output markets.

• individual workers no longer make labor-leisure trade-off decisions.

• employers have market power in labor markets.

• there no longer is a perfectly competitive labor supply.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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brigettelearnbrigettelearn
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5 years ago
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