When the collective bargaining process fails to produce an acceptable contract, the union can attempt to extract a higher wage from a monopsonist by
a. bringing in more workers
b. allowing the workers to negotiate their own individual terms
c. shifting the MLC curve downward
d. going on strike
e. increasing the return to monopsony power
D
Economics
You might also like to view...
Average fixed cost
A. decreases as output increases. B. increases if marginal cost is increasing. C. increases if marginal cost is greater than average fixed cost. D. increases as output increases.
Economics
If a worker receives a fixed payment of $100 plus $10 for every hour she works, what is the maximum total earnings the worker can receive if she is restricted to a maximum of 12 hours of work per day?
A. $125 B. $220 C. $120 D. $340
Economics