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In a bitter strike battle between Eastern Airlines and several of its unions, it was clear from the beginning that the airline was in serious financial trouble. The airline was, indeed, eventually forced to close down, costing many jobs. Discuss what might nevertheless have led the unions to hold out so tenaciously.

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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 19, Problem 7DQ
Textbook Problem
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In a bitter strike battle between Eastern Airlines and several of its unions, it was clear from the beginning that the airline was in serious financial trouble. The airline was, indeed, eventually forced to close down, costing many jobs. Discuss what might nevertheless have led the unions to hold out so tenaciously.

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