Unions can be thought of as constituting
A)a monopoly element in the supply of labor.
B)a monopoly element in the demand for labor.
C)an oligopoly element in the supply of labor.
D)a competitive element in the demand for labor.

Question

Quizplus · Accepted Answer

Unions can limit the supply of labor, making it a monopoly element. This is because they negotiate on behalf of workers and can demand higher wages and better working conditions. This can limit the number of workers available for a particular job, giving unions the power to control the supply of labor.

Unions Can Be Thought of as Constituting