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Consider the graph below. If we compare the bilateral monopoly to the competitive market. how would the equilibrium quantity change if this labor market went

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Consider the graph below. If we compare the bilateral monopoly to the competitive market. how would the equilibrium quantity change if this labor market went from a competitive market to a bilateral monopoly? Wage ($) MFC for Firm Sabor Union WE W MRP for Firm ~ Q GE Quantity of Labor O a.) The equilibrium quantity of labor will not change b.) The equilibrium quantity of labor will be indeterminate.

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