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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Most actions or practices of labor unions are attempts to affect one of three factors. What are they?

To determine

Identify the factors that labor union tries to affect through its practices.

Explanation

Most of the actions and approaches of labor unions are to affect certain factors. They are listed below:

  • Elasticity of demand for labor: The labor union tries to reduce the elasticity of the demand for labor unions by decreasing the availability of the substitutes to manage the wage-employment trade off...

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