SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

What happens when a Trade Union is Established in a Monopsonistic Labour Market?

Author: go kys



Answer:

-A Trade Union can Boost Wages and Employment -Because Workers are paid Less than their MRP - Underpaid - they can use the Union to Negotiate a Higher Wage. -This would Change the Profit Maxing Spot, which would be more Further to the Right. This means more Workers are Required so Employment is Boosted


0 / 5  (0 ratings)

1 answer(s) in total

Author

go kys
go kys