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Economics
MEDIUM
ENGLISH
Economics
Union might increase efficiency in the case Where they ?
A
Raise the wage for insiders above the competitive equilibrium
Option A
B
Lower the wage of local outsiders
Option B
Offset the market power of a large firm that is the dominant employer in a region
Correct answer
D
Threaten a strike but don’t actually follow through so there are not lost hours of work
Option D
Correct answer: C
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