
-Refer to the above figure.Suppose there are workers in the union.If the union wants to set a wage rate of
,it must
A) determine which of its members will earn and which will earn
.
B) accept that -
members will not be able to find work in the industry.
C) accept that -
workers will have to get a lower wage equal to
and
-
workers will have to get a wage of
.
D) determine the most efficient way to get the firms to accept the wage and hire all workers.
Correct Answer:
Verified
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A)
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