Which of the following is true about unionization?
A) There are no differences in the degree of unionization across industries and occupations.
B) It is more prevalent where jobs require employee-specific knowledge.
C) It creates monopoly power by fixing wages through contracts.
D) It is more prevalent where internal workplace rules have no influence on employee outcomes.

Question

Quizplus · Accepted Answer

Unionization creates monopoly power by negotiating wages and working conditions through collective bargaining agreements, effectively fixing wages through these contracts. This is a fundamental aspect of how unions operate, aiming to improve the wages and working conditions of their members.

Which of the Following Is True About Unionization