In a situation where the firms in an industry must negotiate with a single union. and only union labor can be hiredr suppos the labor union manages to achieve, through collective bargaining, a union wage for its members above what the equilibrium wage would otherwise have been. Which of the following is most likely to result? Select the correct answer below: 0 the union wage will be lowered by the rm 0 union workers will leave the union (i) an excess supply of workers will want union jobs 0 none of the above