In a labor market dominated by a union, the supply of labor to a firm is depicted as a horizontal line

Collective bargaining refers to

A) negotiations between workers and health officials. B) negotiations between management of a company and a labor union. C) farming methods in Marxist states. D) the process of electing union leaders.

Which of the following cost curves is most often drawn with a U shape?

A. Total cost B. Average fixed cost C. Marginal cost D. Fixed cost