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In the textbook's model of a monopoly union, union employment is set at the intersection of and the marginal wage bill; the nonunion wage the
In the textbook's model of a monopoly union, union employment is set at the intersection of and the marginal wage bill; the nonunion wage the marginal revenue curve; the marginal cost curve the labor demand curvethe labor supply curve the labor demand curve; the marginal resource (i.e., labor) cost curve
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