Which product market structure will unions most effectively be able to negotiate higher wages?

Question

Quizplus · Accepted Answer

Unions are most effective in negotiating higher wages in a monopoly market structure because there is only one seller in the market, and the union can threaten to strike and shut down the entire industry. This gives the union a lot of bargaining power, and it can use this power to negotiate higher wages for its members.

Which Product Market Structure Will Unions Most Effectively Be Able