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Godty Godty
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A year ago
Suppose we have a labour market with a monopsonist employer in a town. Now suppose that all workers form a union and negotiate a wage with the employer. We refer to this as a situation of

▸ monopsony.

▸ double monopsony.

▸ collective bargaining.

▸ union-wage premium.

▸ bilateral monopoly.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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kraftykrafty
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A year ago
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Godty Author
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A year ago
Smart ... Thanks!
Tim0301
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Yesterday
Good timing, thanks!
Fleury
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2 hours ago
Thank you, thank you, thank you!
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