If an industrial union is able to negotiate a wage above the competitive market-clearing wage, employment in the industry will increase

Refer to Table 4-4. If a minimum wage of $10.50 is mandated there will be a

A) surplus of 30,000 units of labor. B) surplus of 60,000 units of labor. C) shortage of 60,000 units of labor. D) shortage of 30,000 units of labor.

The __________ declared that some forms of price discrimination is illegal, especially when it decreases competition.

a. Robinson-Patman Act b. Sherman Antitrust Act of 1890 c. Merger Act d. Federal Trade Commission Act.