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Suppose that the median annual salary for automobile workers is $35,000. If data suggest that in a perfectly competitive market automobile workers would be paid

Suppose that the median annual salary for automobile workers is $35,000. If data suggest that in a perfectly competitive market automobile workers would be paid a median annual salary of $50,000, what is likely to exist in the labor market for automobile workers? an abundance of automobile shops. an abundance of opportunities for automobile workers to take higher paying jobs at competing automobile shops. a union monopsony power

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