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For each model, identify how wages and employment are determined. Use the following for your entries: Enter 1 for set by Firm Enter 2 for
For each model, identify how wages and employment are determined. Use the following for your entries:
Enter "1" for "set by Firm"
Enter "2" for "set by Union"
Enter "3" for "set by negotiation between Firm and Union"
Wages | Employment | |
Right-to-manage model | ||
Pareto-efficient bargaining | ||
Monopoly union model |
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