If an industrial union negotiates the union wage above the market equilibrium,which of the following is incorrect?
A) The wage in the nonunion sector decreases below the market equilibrium
B) The employment in the union sector is increasing
C) The wage in the union sector is higher than market equilibrium
D) The employment in the nonunion sector is increasing
E) The labor supply in the nonunion sector is increasing
Correct Answer:
Verified
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