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k 5 - Apply: Summative Assessment: The Microecono... i Saved Help Save & Exit S 15 Suppose a powerful labor union negotiates a wage for

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k 5 - Apply: Summative Assessment: The Microecono... i Saved Help Save & Exit S 15 Suppose a powerful labor union negotiates a wage for its members above the equilibrium wage rate in a nonunionized market. A likely result of this is that Multiple Choice ints eBook O the union will have difficulty recruiting new members. eferences O union members will be able to work more overtime than before. O this firm will make up for the higher wage rate by expanding output. not everyone who wants to work at the new wage will be able to find jobs.

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