The "monopoly union" model assumes that the union:
A)faces a wage-employment tradeoff,given as the firm's demand for labor curve
B)will be able to increase both the wages and employment of its members
C)will attempt to negotiate an "efficient contract" with the firm
D)attempts to maximize the wage rate

Question

Quizplus · Accepted Answer

The "monopoly union" model assumes that the union faces a wage-employment tradeoff, as represented by the firm's demand for labor curve, meaning it can influence wages but must consider the impact on employment levels.

The "Monopoly Union" Model Assumes That the Union