On average, unionized firms are 10% to 20% less profitable than nonunionized firms.

Name: On average, unionized firms are 10% to 20% less profitable than nonunionized firms.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Studies have shown that unionized firms often face higher labor costs due to negotiated wages and benefits, which can lead to lower profitability compared to nonunionized firms. However, this is a general trend and can vary by industry and specific circumstances.

On Average, Unionized Firms Are 10% to 20% Less Profitable