MRP represents what the marginal physical product is worth

Unions are less likely to strike today than in the past because

a. employers are more willing to hire strike breakers b. fewer workers, both union and nonunion, are willing to cross picket lines c. most workers in the U.S. cannot permanently lose their jobs d. real wages have increased over the last 20 years e. many high-profile strikes (e.g., Caterpillar) have resulted in union victories

Which of the following statements is true?

a. A monopsony is the only employer of a factor of production. b. A monopsony will pay workers a higher wage and employ fewer workers than a competitive labor market. c. A monopsony has a marginal factor cost curve which lies below its supply curve of labor. d. Unions are becoming a greater influence in American labor markets. e. All of these.