Because a union is a form of monopoly,it must be concerned about the ________ slope of the demand curve for labor.

Question

Quizplus · Accepted Answer

A union is a form of monopoly, meaning it has some control over the supply of labor in the market. Thus, it must be concerned about the downward slope of the demand curve for labor, as increasing the price of labor (wages) will result in a decrease in the quantity of labor demanded by employers.

Because a Union Is a Form of Monopoly,it Must Be