According to economists, a key reason that strikes occur is that the parties to a dispute do not have perfect information.

Question

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According to the theory of information asymmetry, strikes can occur when one party has more information than the other, which can lead to disputes over wages, working conditions, or other issues. When both parties have complete information and can bargain effectively, strikes are less likely to occur.

According to Economists, a Key Reason That Strikes Occur Is