Workers in a labor union typically are paid less than workers not in a labor union

The market price of an individual transferable quota is equal to the

A) marginal private benefit. B) marginal social benefit. C) marginal social benefit minus the marginal cost. D) marginal private benefit minus the marginal cost.

Strikes are expensive for

a. workers only because their income falls b. employers only because their revenue falls c. the public only because output falls d. both the public and employers because workers are compensated by the union for lost income e. workers, employers, and the public