The most common way for workers to hold market power is when:

Question

Quizplus · Accepted Answer

When workers are unionized, they can collectively bargain for better wages, benefits, and working conditions, giving them market power over their employers. The other options do not necessarily give workers market power. A monopsony occurs when there is only one buyer of a good or service, which can lead to lower wages for workers. Competing for minimum wage means that workers are not able to negotiate higher wages, and having a large number of workers does not necessarily give them market power.

The Most Common Way for Workers to Hold Market Power