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Question
Suppose a union successfully negotiates for its members a wage rate that is above the competitive wage rate, then
A) there will be a surplus of jobs.
B) antitrust laws become effective.
C) there will be downward pressure on the wage rate until equilibrium is established.
D) there will be an excess supply of labor.
Answer
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Related questions
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Q:
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Which of the following statements is FALSE?
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