why-might-a-bilateral-monopoly-be-considered-more-desirable-than-a-monopsony-or-

Question

Why might a bilateral monopoly be considered more desirable than a monopsony or a labor union alone?

Accepted Answer

It can lead to more competitive wage outcomes.

Answer

It guarantees a monopoly price.

Answer

It always results in higher wages.

Answer

It eliminates the need for negotiations.