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Exhibit 28-8 -Refer to Exhibit 28-8.Suppose That Initially There Is No Collective

Question 67

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Exhibit 28-8
Exhibit 28-8 -Refer to Exhibit 28-8.Suppose that initially there is no collective bargaining and the monoposonist maximizes profit.Then the workers form a union and negotiate a wage of W?.What will happen to the total wage bill? A) It will definitely rise. B) It will definitely fall. C) It will definitely stay the same. D) It may rise, fall, or remain the same.
-Refer to Exhibit 28-8.Suppose that initially there is no collective bargaining and the monoposonist maximizes profit.Then the workers form a union and negotiate a wage of W?.What will happen to the total wage bill?


A) It will definitely rise.
B) It will definitely fall.
C) It will definitely stay the same.
D) It may rise, fall, or remain the same.

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