Question 41 2 pts If a union loses its power in a perfectly competitive labor market, employment: O should increase and wages should decrease. and wages should increase. and wages should decrease. O should decrease and wages should increase. Question 42 2 pts When the National Hockey League locked out the hockey players in an effort to negotiate a salary cap with the players union, it was an example of conflict: O within a bilateral monopoly. between unions and hockey fans. O within monopolistic competition. between monopsony on the employers' side and competition on the union side. Proctorio is sharing your screen Stop s