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Chapter: Market/Model(s): - Label axis variables - Identify curves - for one isoprofit curve and one indifference curve draw an arrow to indicate direction of

image text in transcribed Chapter: Market/Model(s): - Label axis variables - Identify curves - for one isoprofit curve and one indifference curve draw an arrow to indicate direction of preference - Circle the Monopoly Union contract outcome, label it Iu - shade in all contracts the union prefers over Iu. - shade in all contracts the in firm prefers over Iu Why are these mutually preferred contracts not reached in the Monopoly Union scenario? Special Notes: (Record tips/reminders for yourself about this model or related calculations.)

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