Figure 45.4
-In Figure 45.4, it is clearly the case that

Question

Quizplus · Accepted Answer

In the figure, the total amount of labor employed is greater under perfect competition (Qp) than unionization (Qu), as shown by the horizontal distance between the two points on the x-axis. This implies that more workers are employed and therefore have the opportunity to earn wages, which is a benefit. However, it does not necessarily mean that every individual worker is better off under perfect competition, as wages may be lower due to the competition causing downward pressure on wages. Therefore, choices A, C, and D are not necessarily true.

Figure 45.4 -In Figure 45.4, It Is Clearly the Case That