what-is-a-potential-outcome-if-the-labor-union-has-significantly-more-negotiatin

Question

What is a potential outcome if the labor union has significantly more negotiating power than the monopsony?

Accepted Answer

The wage may be closer to the union's desired high wage.

Answer

The wage will be closer to the monopsony's desired low wage.

Answer

The wage will not be affected.

Answer

The wage will be exactly at the competitive equilibrium.