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Business, 23.11.2019 05:31 roorootx

Assume a monopsonistic employer is paying a wage rate of wm and hiring qm workers, as indicated in the figure below.
now suppose an industrial union is formed that forces the employer to accept a wage rate of wc. a higher wage rate will be accompanied by an increase in the number of workers hired because

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Assume a monopsonistic employer is paying a wage rate of wm and hiring qm workers, as indicated in t...
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