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Collective bargaining by unions can result in a union wage rate that is________ the equilibrium real wage rate and creates a________ of labor. A. below;

Collective bargaining by unions can result in a union wage rate that is________ the equilibrium real wage rate and creates a________ of labor.

A.

below; shortage

B.

below; surplus

C.

above; surplus

D.

equalto; surplus

E.

above; shortage

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